Core Viewpoint - Compass Gold Corporation successfully closed a private placement, raising $700,000, exceeding initial commitments by $100,000 due to increased investor demand [1][2] Group 1: Offering Details - The private placement involved the issuance of 4,666,667 units at a price of $0.15 per unit, each unit consisting of one common share and one-half of a common share purchase warrant [1] - Each warrant allows the holder to purchase an additional common share at a price of $0.20 for two years [1] - The proceeds will be allocated to the development and execution of the Company's Small Mine Strategy at Massala and for general corporate purposes [1] Group 2: Finder's Fees and Insider Participation - The Company paid finder's fees of 7.0% on certain units sold, totaling $4,200 in cash and 121,333 common shares [2] - Insiders purchased 273,335 units for a total of $41,000, which is classified as a related party transaction [3] - Insider participation was exempt from certain valuation and minority shareholder approval requirements due to the size of the transaction relative to the Company's market capitalization [3] Group 3: Regulatory and Compliance Information - The securities issued are subject to a hold period of four months and one day post-issuance and require final acceptance by the TSX Venture Exchange [5] - The offering has not been registered under U.S. securities laws, and thus cannot be offered or sold in the U.S. without proper registration or exemption [6][7] Group 4: Company Background - Compass Gold Corporation is a Tier 2 issuer on the TSX-V, holding gold exploration permits in Mali, specifically the Sikasso Property, which spans 1,173 square kilometers [8] - The exploration team is led by Dr. Madani Diallo and supervised by Dr. Sandy Archibald, focusing on various anomalies identified in previous technical reports [8] Group 5: Qualified Person - The technical information in the release has been reviewed and approved by Dr. Sandy Archibald, who is the Qualified Person under National Instrument 43-101 standards [9]