Avidian Gold Corp Stock Price, News & Analysis

Avidian Gold Corp. has completed the second tranche of its oversubscribed private placement, raising a total of $6,601,678.66. The second tranche alone generated $1,383,266 from the sale of hard dollar units and flow-through shares. Each hard dollar unit includes one common share and one warrant, exercisable at $0.20 over 36 months. Insiders subscribed for 30,000 units, contributing $4,500. Proceeds will fund exploration expenses in Canada and support the company's mining projects, pending regulatory approval.

Avidian Gold Corp. has successfully closed the first tranche of its private placement, raising $5,218,411 by selling 26,897,774 hard dollar units at $0.15 each and 6,576,364 flow-through common shares at $0.18. This offering will help advance the company's mining projects and support working capital. The second tranche is expected to close around June 17, 2021. Notably, insiders purchased 2,719,635 HD units for $407,945.25, which is categorized as a related party transaction.

Avidian Gold Corp. has announced a 14-day extension for closing its private placement previously set for April 26, 2021. The offering aims to raise $2,500,000 through the sale of flow-through shares at $0.18 each and $6,000,000 from units sold at $0.15 each. Each unit includes a common share and a half warrant, with full warrants priced at $0.20 for 36 months. The extension allows time to process subscriptions, with an expected closing date around June 9, 2021, pending regulatory approval.

Avidian Gold Corp. announced a non-brokered private placement of units at $0.15 per unit, aiming to raise up to $6 million. Each unit will consist of one common share and half a warrant, with full warrants priced at $0.20 for 24 months. Proceeds will primarily finance the development of the company's advanced-stage gold and gold-copper properties in Alaska and Nevada, alongside general administrative expenses. The offering is conditional on regulatory approvals and may increase by 25%. Expected close date is May 21, 2021.

Avidian Gold Corp (TSX.V:AVG, OTCQB:AVGDF) has announced that its common shares are now eligible for electronic clearing and settlement through the U.S. Depository Trust Company (DTC). This eligibility aims to simplify trading for U.S.-based investors and expand the company's investor base. Avidian's advanced-stage gold projects, notably in Alaska and Nevada, attract significant interest. The company reports an Indicated gold resource of 267,400 ounces at its Golden Zone project. DTC eligibility meets requirements for major U.S. exchanges like Nasdaq and NYSE.

High Tide Resources Corp. has appointed a new Board of Directors as it prepares to go public. The new board includes industry experts such as Dr. Joseph Poveromo, mining engineer Serge Pelletier, senior geologist Carol Seymour, and Interim CEO Steve Roebuck. The board aims to leverage their expertise in commodities and geology to advance High Tide's projects, particularly its Labrador West Iron project and Lac Pegma Copper-Nickel-Cobalt deposit. Current Chairman David Anderson will retain his position, succeeding previous directors who provided essential support during the company’s launch.

Avidian Gold Corp has announced significant leadership changes, including the appointment of Steve Roebuck as President and CEO, succeeding Doug Kirwin, who remains a technical advisor. Joining the Board are Stephen Altmann and Rick Winters, enhancing the company's strategic expertise in mining and finance. A total of 1.1 million stock options will be issued to directors and advisors, vesting over three years. These developments align with Avidian's advancements in its gold projects and plans to take its subsidiary, High Tide, public.

Avidian Gold Corp announced that its subsidiary, High Tide Resources Corp, has expanded its land holdings by acquiring 35 additional mineral exploration claims near the Lac Pegma Copper-Nickel-Cobalt deposit in Quebec, increasing the total land package to approximately 2249 hectares. The company is focused on assessing the potential for copper-nickel-cobalt resource expansion, given the rising demand for EV battery minerals. Current studies are based on historical exploration data, and plans for future drilling and geophysical surveys are in place to identify high-priority targets.