Relevant Gold Announces Non-Brokered $5M Private Placement Led By Strategic Investors Kinross and Bollinger
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has announced a non-brokered private placement to raise $5 million through the sale of 16,666,667 shares at $0.30 per share. The placement is led by two strategic investors: Kinross Gold , which will increase its stake to 19.9% from current 9.9%, and William G. Bollinger, who will increase his position to 19.9% from 16.7%.
The proceeds will fund exploration activities at the Company's projects in Wyoming, USA, and general working capital. The company plans to launch a major drill program in 2025 following promising exploratory results from the previous year. The private placement is expected to close in late February 2025, subject to regulatory approvals, with securities subject to a four-month hold period.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha annunciato un collocamento privato non intermediatore per raccogliere 5 milioni di dollari attraverso la vendita di 16.666.667 azioni a 0,30 dollari per azione. Il collocamento è guidato da due investitori strategici: Kinross Gold, che aumenterà la sua partecipazione dal 9,9% al 19,9%, e William G. Bollinger, che aumenterà la sua posizione dal 16,7% al 19,9%.
I proventi finanzieranno attività di esplorazione nei progetti della società in Wyoming, USA, e il capitale di lavoro generale. L'azienda prevede di lanciare un programma di perforazione importante nel 2025 a seguito di risultati esplorativi promettenti dell'anno precedente. Si prevede che il collocamento privato si chiuda entro la fine di febbraio 2025, soggetto alle approvazioni regolatorie, con titoli soggetti a un periodo di blocco di quattro mesi.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha anunciado una colocación privada no intermediada para recaudar 5 millones de dólares a través de la venta de 16,666,667 acciones a 0.30 dólares por acción. La colocación está liderada por dos inversores estratégicos: Kinross Gold, que aumentará su participación del 9.9% al 19.9%, y William G. Bollinger, quien aumentará su posición del 16.7% al 19.9%.
Los ingresos financiarán actividades de exploración en los proyectos de la compañía en Wyoming, EE. UU., y el capital de trabajo general. La empresa planea lanzar un importante programa de perforación en 2025 después de resultados exploratorios prometedores del año anterior. Se espera que la colocación privada se cierre a finales de febrero de 2025, sujeta a aprobaciones regulatorias, con valores sujetos a un período de retención de cuatro meses.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF)가 500만 달러를 조달하기 위해 비중개 사모배정의 발표를 했습니다. 이는 주당 0.30달러로 16,666,667주를 판매하는 것입니다. 이번 배치는 두 명의 전략적 투자자에 의해 주도됩니다: Kinross Gold, 현재 9.9%에서 19.9%로 지분을 확대하고, William G. Bollinger, 16.7%에서 19.9%로 자신의 지분을 늘리게 됩니다.
조달된 자금은 미국 와이오밍에 있는 회사 프로젝트의 탐사 활동과 일반 운영 자본에 사용됩니다. 회사는 지난 해의 유망한 탐사 결과에 이어 2025년에 대규모 시추 프로그램을 시작할 계획입니다. 이번 사모배정은 규제 승인을 조건으로 2025년 2월 하순에 마감될 것으로 예상되며, 증권은 4개월의 보유 기간이 적용됩니다.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) a annoncé un placement privé sans courtier pour lever 5 millions de dollars par la vente de 16 666 667 actions à 0,30 dollar par action. Le placement est dirigé par deux investisseurs stratégiques : Kinross Gold, qui augmentera sa participation de 9,9 % à 19,9 %, et William G. Bollinger, qui augmentera sa position de 16,7 % à 19,9 %.
Les recettes financeront les activités d'exploration des projets de la société dans le Wyoming, aux États-Unis, ainsi que le capital de travail général. La société prévoit de lancer un programme de forage majeur en 2025, suite à des résultats d'exploration prometteurs de l'année précédente. Le placement privé devrait se clôturer fin février 2025, sous réserve des approbations réglementaires, les titres étant soumis à une période de blocage de quatre mois.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) hat eine nicht vermittelte Privatplatzierung angekündigt, um 5 Millionen Dollar durch den Verkauf von 16.666.667 Aktien zu einem Preis von 0,30 Dollar pro Aktie zu beschaffen. Die Platzierung wird von zwei strategischen Investoren angeführt: Kinross Gold, die ihren Anteil von 9,9 % auf 19,9 % erhöhen wird, und William G. Bollinger, der seine Position von 16,7 % auf 19,9 % erhöhen wird.
Die Erlöse werden die Erkundungsaktivitäten der Gesellschaft in Wyoming, USA, und das allgemeine Betriebskapital finanzieren. Das Unternehmen plant, 2025 ein großes Bohrprogramm zu starten, nachdem vielversprechende Erkundungsergebnisse aus dem Vorjahr vorliegen. Die Privatplatzierung soll Ende Februar 2025 abgeschlossen sein, vorbehaltlich der regulatorischen Genehmigungen, wobei die Wertpapiere einer viermonatigen Haltefrist unterliegen.
- Secured $5M in funding through private placement
- Strategic investment from major mining company Kinross Gold
- Significant increase in ownership stakes from key investors (Kinross from 9.9% to 19.9%, Bollinger from 16.7% to 19.9%)
- Funding secured for major 2025 drill program
- Share dilution for existing shareholders
- Four-month hold period on new shares
Not for dissemination in or into the United States or through U.S. newswires
All dollars are Canadian unless otherwise noted
VANCOUVER, BC / ACCESS Newswire / February 11, 2025 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce a non-brokered private placement to raise gross proceeds of up to
Kinross Gold Corporation ("Kinross") (NYSE:KGC)(TSX:K) has committed to increase its equity position in the Company to
Mr. William G. Bollinger has also committed to increase his equity position in the company to
The proceeds from the sale of the private placement will be used to fund exploration activities at the Company's projects in Wyoming, USA, and for general working capital.
"This financing marks a significant milestone for Relevant Gold as it will allow us to launch a major drill program in 2025 to capitalize on last year's very promising exploratory results," said Relevant Gold CEO Rob Bergmann. "The stepped-up investment by our strategic shareholders underscores their confidence in our incredible team, our assets, and the vast exploration potential of Wyoming."
Certain directors and officers of the Company may acquire securities under the private placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed
The Company may pay a finder's fee in connection with the private placement and this financing is subject to the approval of the TSX Venture Exchange. All securities to be issued in the Private Placement will be subject to a four (4) month hold period from the closing date under applicable securities laws in Canada and amongst other things, receipt by Relevant Gold of all necessary regulatory approvals, including Exchange approval. The Company anticipates closing of the private placement in late February 2025, subject to receipt of all necessary regulatory approvals.
This news release does not constitute an offer to sell or solicitation of an offer to sell any 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming - one of the most mining-friendly jurisdictions in the United States and globally.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
More information
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information about Relevant Gold Corp. or this news release, please visit our website at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher Jensen, Manager of Investor Relations, at 763-760-4886 or by email at investorrelations@relevantgoldcorp.com.
Cautionary Note Regarding Forward-Looking Statements and Historical Information
This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws. These statements relate to future events of Relevant Gold Corp. ("Relevant" or "Relevant Gold" or "the Company"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz, CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the Company.
SOURCE: Relevant Gold Corp.
View the original press release on ACCESS Newswire
FAQ
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