Advanced Gold Announces Closing of Private Placement
Rhea-AI Summary
Advanced Gold (OTC Pink: AUHIF) closed an upsized non-brokered private placement on January 22, 2026, issuing 3,496,667 units at $0.15 per unit for aggregate gross proceeds of $524,500.05. Each unit includes one common share and one-half warrant; each whole warrant exercises at $0.20 for two years. Securities are subject to a statutory hold period of four months plus one day. Proceeds will be used for general corporate and working capital purposes. The company paid cash commissions totaling $16,949.99 and issued 15,000 shares in lieu of certain cash commissions. An insider subscribed for 100,000 units, and the company relied on MI 61-101 exemptions; no material change report was filed 21 days prior. Securities are not registered in the United States.
Positive
- Gross proceeds of $524,500.05 raised
- 3,496,667 units issued to strengthen working capital
- Warrants exercisable at $0.20 for two years
Negative
- Share issuance causes dilution to existing shareholders
- Cash commissions paid totaled $16,949.99
- No material change report filed 21 days before closing
News Market Reaction – AUHIF
On the day this news was published, AUHIF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - Advanced Gold Exploration Inc. (CSE: AUEX) (FSE: ZF2) (OTC Pink: AUHIF) ("Advanced Gold" or the "Company") is pleased to announce that, further to its press release dated January 13, 2026, it has closed its upsized non-brokered private placement (the "Private Placement") through the issuance of 3,496,667 units at a price of
Each Unit was comprised of one common share (each, a "Common Share") in the capital of the Company and one-half (1/2) of one transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of
All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The gross proceeds of the Private Placement shall be used for general corporate and working capital purposes.
In connection with the closing of the Private Placement, the Company paid certain eligible persons cash commissions in the aggregate amount of
The Private Placement constituted a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as insider of the Company subscribed for an aggregate of 100,000 Units. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Private Placement by the insider does not exceed
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ABOUT ADVANCED GOLD
Advanced Gold Exploration is a Canadian mineral exploration company with a portfolio of Canadian gold and copper properties. The company's expertise is in identifying and acquiring undervalued properties with significant historical work, which it believes it can enhance their economic value at today's prices. The company's purpose is to bring immediate and long-term value to its partners and shareholders. Visit www.advancedgoldexploration.com for more information.
Contact Information
Arndt Roehlig
CEO, President, Director, Advanced Gold Exploration Inc.
Email: arndtroehlig@gmail.com
Tel: (604) 318-1034
Forward-Looking Information and Cautionary Statements
This news release may contain "forward-looking information" within the meaning of applicable securities laws relating to the trading of the Company's securities and the focus of the Company's business. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and similar expressions. Forward-looking statements in this news release include statements regarding the Company's ability to increase the value of its current and future mineral exploration properties and, in connection therewith, any long-term shareholder value, the Company's ability to mitigate or eliminate exploration risk, and the Company's intention to develop a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company will continue its business as described above. Readers are encouraged to refer to the Company's annual and quarterly management's discussion and analysis and other periodic filings made by the Company with the Canadian securities regulatory authorities under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281351
FAQ
How many units did Advanced Gold (AUHIF) issue in the January 22, 2026 private placement?
How much gross proceeds did Advanced Gold (AUHIF) raise from the private placement?
What are the warrant terms in Advanced Gold's (AUHIF) private placement?
Will the securities from Advanced Gold's (AUHIF) private placement be immediately tradeable?
Did any insider participate in the Advanced Gold (AUHIF) private placement on January 22, 2026?
What fees did Advanced Gold (AUHIF) pay in connection with the private placement?
