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Abitibi Greenstone Gold Corp. Announces Filing of Preliminary Prospectus, Applies to Canadian Securities Exchange for Listing, and Files NI 43-101 Technical Report for the Douay East Property
TMX Newsfile· 2026-02-04 00:12
Core Viewpoint - Abitibi Greenstone Gold Corp. has filed a preliminary long form prospectus and applied for the listing of its class A common shares on the Canadian Securities Exchange, aiming to enhance liquidity and raise capital for business expansion [1][6]. Group 1: Prospectus and Listing - The Company has filed the Prospectus with the British Columbia Securities Commission and the Ontario Securities Commission as part of its Listing application [2]. - The Prospectus outlines a distribution of between 1,000,000 and 2,000,000 Common Shares and 500,000 to 1,000,000 Common Share purchase warrants [2]. - The Special Warrants will be issued on a private placement basis, with a minimum of 1,000,000 and a maximum of 2,000,000 Special Warrants priced at $0.15 each, aiming for gross proceeds between $150,000 and $300,000 [3]. Group 2: Special Warrants and Financing - Each Special Warrant allows the holder to acquire one Special Warrant Share and half of one Underlying Warrant, with the Underlying Warrant exercisable at $0.25 per share for 18 months [3]. - The Special Warrant Financing is expected to close on or before February 15, 2026 [3]. - The Special Warrants are not available for purchase under the Prospectus, and no additional funds will be received from the distribution upon exercise [4]. Group 3: Technical Report and Property - The Company has prepared a technical report regarding the Douay East Property in Quebec, titled "Geological Introduction to Abitibi Greenstone Gold Corp.'s Douay East Property" [7]. - The Company is focused on exploration activities on the Douay East Property and is also looking to identify and acquire additional property interests [8].