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Compass Gold Announces Fully Subscribed $600,000 Private Placement
Newsfile· 2025-09-16 11:15
Core Viewpoint - Compass Gold Corp. plans to issue 4,000,000 units at a price of $0.15 per unit, aiming for gross proceeds of $600,000 to support its Small Mine Strategy and general corporate purposes [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.20 for two years [1]. - The offering is fully subscribed and expected to close around September 24, 2025, without a minimum subscription amount and may close in multiple tranches [2][3]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange [3]. Group 2: Insider Participation - Certain insiders, including officers and/or directors, may participate in the offering, which will be considered a related party transaction [4]. - Their participation will be exempt from certain valuation and minority shareholder approval requirements under MI 61-101 [4]. Group 3: Financial Aspects - The company may pay finder's fees of up to 7.0% of the gross proceeds for units sold to purchasers introduced by finders [5]. - All securities from the offering will be subject to a hold period of four months and one day post-issuance [5]. Group 4: Company Background - Compass Gold Corp. is a Tier 2 issuer on the TSX-V, holding gold exploration permits in Mali, specifically the Sikasso Property, which spans 1,173 sq. km [8]. - The exploration permits are located near several multi-million-ounce gold projects, indicating potential for significant resource development [8].
Sanu Gold Corp. Issues Stock Options
Newsfile· 2025-07-11 20:07
Group 1 - Sanu Gold Corp. has granted a total of 11,650,000 incentive stock options to officers, directors, and other eligible persons, which are exercisable over five years at a price of $0.25 per share [1] - The company is exploring three high-quality gold exploration permits in the Siguiri Basin, a renowned gold district in Guinea, West Africa [2] - Sanu Gold has identified multi-kilometer long gold-bearing structures on each permit, with multiple high-value drill targets aiming for multi-million ounce gold discoveries [2] Group 2 - The company is operated by a highly experienced team with a successful track record in discovery, resource development, and mine permitting [2]