Stakeholder Gold Closes Flow-Through Financing
Rhea-AI Summary
Stakeholder Gold (OTCQB: SKHRF) closed a non-brokered flow-through private placement for aggregate gross proceeds of $700,400, issuing 340,000 flow-through units at $2.06 per unit. Each unit includes one flow-through common share and one-half warrant, with each whole warrant exercisable at $2.40 for two years.
Warrants may be accelerated if the 10-day average share price on the TSX Venture Exchange exceeds $3.00; 30 days after such trigger, unexercised warrants expire. Proceeds will fund qualifying Canadian exploration expenditures on the Ballarat Gold-Copper Project in the White Gold District, Yukon, with expenditures intended to be renounced effective December 31, 2026. The financing is subject to final TSX Venture Exchange approval and securities are subject to a four-month-plus-one-day hold period.
Positive
- $700,400 flow-through capital raised for exploration
- 340,000 flow-through units placed at $2.06 per unit
- Warrants add potential capital at $2.40 over two years
- Proceeds targeted to qualifying Canadian exploration on Ballarat project
- Flow-through structure may enhance appeal to Canadian tax-focused investors
Negative
- Issuance of 340,000 new flow-through shares creates equity dilution
- Additional dilution possible if attached warrants are fully exercised
- Private placement remains subject to final TSX Venture Exchange approval
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 7, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce that it has closed a non-brokered flow-through private placement for aggregate gross proceeds of
The private placement was completed at a price of
Each flow-through unit consists of one common share of the Company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of
Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds
Gross proceeds from the Private Placement will be used to fund Canadian exploration expenditures, including expenditures that qualify as eligible mineral exploration expenses, as defined under the Income Tax Act (Canada). The Company intends to incur qualifying expenditures on its Ballarat exploration property located in the White Gold District of the Yukon Territory, Canada and to renounce such expenditures to subscribers effective December 31, 2026.
All securities issued in connection with the Private Placement are subject to a statutory hold period in accordance with applicable securities laws. The Private Placement remains subject to final approval of the TSX Venture Exchange.
About Stakeholder Gold Corporation
Stakeholder holds
Within the Company's contiguous claim holdings, Stakeholder is advancing exploration on the Skye Gold Zone and the Loki Copper Zone - two compelling exploration targets separated by some 8 km, prospective for new gold and copper discoveries respectively, on either side of the Northern Access Route (NAR), in the heart of the White Gold District.
https://stakeholdergold.com/projects-overview/ballarat-gold-copper-project/
Stakeholder also generates cash flow from the production and sale of exotic stones through its
Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.
For further information please contact:
Stakeholder Gold Corporation
cberlet@stakeholdergold.com
416 525 - 6869
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308497