Core Viewpoint - Psyence Group Inc. has announced the completion of the second tranche of financing for GoldCoast Resource Corp., raising a total of $8,603,883 to fund exploration activities and working capital, which is a prerequisite for the proposed amalgamation transaction between the two companies [1][2]. Group 1: Financing Details - The second tranche involved a non-brokered private placement of 3,280,140 common shares at a price of $0.85 per share, generating gross proceeds of $2,778,119 [1]. - The first tranche was a brokered offering that raised $5,825,764, bringing the total gross proceeds from both tranches to $8,603,883 [1][2]. Group 2: Amalgamation Agreement - The financing is part of the proposed amalgamation transaction between Psyence and GoldCoast, which was initially announced on November 21, 2025, and amended on February 24, 2026 [1][2]. - Completion of the amalgamation is subject to various conditions, including shareholder and regulatory approvals, as well as compliance with the Canadian Securities Exchange requirements [3][5]. Group 3: Company Profiles - GoldCoast Resource Corp. is a private Ontario company focused on environmentally responsible near-shore mineral exploration using marine dredge-mining technology [4]. - Psyence Group Inc. is a life science biotechnology company that develops nature-derived psychedelic products aimed at mental health and wellness applications [4][5].