Core Viewpoint - Onyx Gold Corp. has announced an increase in its brokered financing to $18 million and a concurrent non-brokered financing of $5.6 million, aimed at raising a total of approximately $23.6 million for its projects [2][3]. Financing Details - The brokered financing, originally set at $15 million, has been upsized by $3 million, resulting in gross proceeds of $18 million [2]. - The non-brokered private placement is priced at $2.43 per share, expected to generate approximately $5.6 million [3][11]. - If the underwriters' option is fully exercised, total gross proceeds could reach approximately $25.6 million [3]. Offering Structure - The offering will include the issuance of 4,740,000 flow-through shares at $2.11 each, generating $10,001,400, and 5,332,400 common shares at $1.50 each, generating $7,998,600 [4]. - An option has been granted to underwriters to increase the offering by up to $2 million [5]. Use of Proceeds - Proceeds from the flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, to be incurred by December 31, 2026 [6]. - Net proceeds from the common shares will be allocated for exploration of mineral properties and general corporate purposes [7]. Closing and Regulatory Approval - The offering is expected to close around October 2, 2025, subject to regulatory approvals [8][13]. - The shares will be offered under applicable exemptions from prospectus requirements and will not be subject to a hold period under Canadian securities laws [9][14]. Company Overview - Onyx Gold Corp. is focused on mineral exploration in established mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [16][17]. - The company holds a 100% interest in a portfolio exceeding 443 km² across three projects in Timmins, all accessible year-round [16].