Relevant Gold Closes Second Tranche of Upsized $8.5 Million Non-Brokered Private Placement Led by Strategic Investors Kinross and Bollinger
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has completed the second tranche of its upsized non-brokered private placement, raising total gross proceeds of $8.53 million. The second tranche consisted of 23,527,333 common shares at $0.30 per share, generating $7.06 million.
Strategic investors Kinross Gold and William G. Bollinger have each secured a 19.9% stake in the company. Kinross purchased 15,410,000 shares while Bollinger acquired 8,070,000 shares. Both investors received rights agreements granting them participation rights, information rights, and board nomination privileges.
The proceeds will fund exploration activities at the company's Wyoming projects and general working capital. All securities issued have a four-month Canadian restricted resale period expiring July 14, 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha completato la seconda tranche del suo collocamento privato non intermediatore, raccogliendo un totale di $8,53 milioni. La seconda tranche consisteva in 23.527.333 azioni ordinarie a $0,30 per azione, generando $7,06 milioni.
Investitori strategici Kinross Gold e William G. Bollinger hanno ciascuno acquisito una partecipazione del 19,9% nella società. Kinross ha acquistato 15.410.000 azioni mentre Bollinger ha acquisito 8.070.000 azioni. Entrambi gli investitori hanno ricevuto contratti di diritti che conferiscono loro diritti di partecipazione, diritti di informazione e privilegi di nomina nel consiglio.
I proventi finanzieranno le attività di esplorazione nei progetti della società in Wyoming e il capitale di lavoro generale. Tutti i titoli emessi hanno un periodo di rivendita ristretto di quattro mesi in Canada, che scade il 14 luglio 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha completado la segunda tranche de su colocación privada no intermediada, recaudando un total de $8.53 millones. La segunda tranche consistió en 23,527,333 acciones ordinarias a $0.30 por acción, generando $7.06 millones.
Inversores estratégicos Kinross Gold y William G. Bollinger han asegurado cada uno una participación del 19.9% en la compañía. Kinross compró 15,410,000 acciones mientras que Bollinger adquirió 8,070,000 acciones. Ambos inversores recibieron acuerdos de derechos que les otorgan derechos de participación, derechos de información y privilegios de nominación en la junta.
Los ingresos financiarán actividades de exploración en los proyectos de la compañía en Wyoming y capital de trabajo general. Todos los valores emitidos tienen un período de reventa restringido de cuatro meses en Canadá que expira el 14 de julio de 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF)는 비중개 사모 배치의 두 번째 분할을 완료하여 총 $8.53 백만의 총 수익을 올렸습니다. 두 번째 분할은 주당 $0.30에 23,527,333주를 포함하여 $7.06 백만을 생성했습니다.
전략적 투자자인 Kinross Gold와 William G. Bollinger는 각각 회사의 19.9% 지분을 확보했습니다. Kinross는 15,410,000주를 구매했고 Bollinger는 8,070,000주를 인수했습니다. 두 투자자는 참여권, 정보권 및 이사회 지명 권한을 부여하는 권리 계약을 받았습니다.
수익금은 회사의 와이오밍 프로젝트에서 탐사 활동과 일반 운영 자본에 사용됩니다. 발행된 모든 증권은 2025년 7월 14일에 만료되는 4개월의 캐나다 제한 재판매 기간을 갖습니다.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) a complété la deuxième tranche de son placement privé non intermédiaire, levant un total de $8,53 millions. La deuxième tranche a consisté en 23 527 333 actions ordinaires à 0,30 $ par action, générant 7,06 millions de dollars.
Les investisseurs stratégiques Kinross Gold et William G. Bollinger ont chacun sécurisé une participation de 19,9 % dans la société. Kinross a acheté 15 410 000 actions tandis que Bollinger a acquis 8 070 000 actions. Les deux investisseurs ont reçu des accords de droits leur conférant des droits de participation, des droits d'information et des privilèges de nomination au conseil d'administration.
Les produits seront utilisés pour financer des activités d'exploration dans les projets de la société dans le Wyoming et pour le fonds de roulement général. Tous les titres émis ont une période de revente restreinte de quatre mois au Canada, expirant le 14 juillet 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) hat die zweite Tranche seiner erhöhten nicht vermittelten Privatplatzierung abgeschlossen und insgesamt $8,53 Millionen Bruttoerlöse erzielt. Die zweite Tranche bestand aus 23.527.333 Stammaktien zu je $0,30, was $7,06 Millionen generierte.
Strategische Investoren Kinross Gold und William G. Bollinger haben jeweils einen Anteil von 19,9% an dem Unternehmen gesichert. Kinross kaufte 15.410.000 Aktien, während Bollinger 8.070.000 Aktien erwarb. Beide Investoren erhielten Rechtevereinbarungen, die ihnen Teilnahme-, Informations- und Nominierungsrechte im Vorstand gewähren.
Die Erlöse werden zur Finanzierung von Explorationsaktivitäten in den Projekten des Unternehmens in Wyoming sowie für das allgemeine Betriebskapital verwendet. Alle ausgegebenen Wertpapiere haben eine viermonatige kanadische Verkaufsbeschränkung, die am 14. Juli 2025 abläuft.
- Successful completion of upsized $8.53M private placement
- Strategic investment from major mining company Kinross Gold
- Strong insider participation with Bollinger's investment
- Secured significant funding for exploration activities
- Significant dilution with issuance of 28,447,333 new shares
- Two investors now control 39.8% of the company combined
- Four-month lock-up period may affect stock liquidity
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 / March 13, 2025 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce that it has closed tranche 2 ("Tranche 2") of its previously announced non-brokered private placement (see news releases dated Feb. 21, 2025 and Feb. 28, 2025) consisting of 23,527,333 common shares ("Common Shares") at a price of
In connection with Tranche 2, the Company entered into subscription agreements dated February 28, 2025 with each of Kinross Gold Corporation ("Kinross") (NYSE:KGC, TSX:K) and Mr. William G. Bollinger ("Bollinger") pursuant to which Kinross agreed to purchase 15,410,000 Common Shares and Bollinger agreed to purchase 8,070,000 Common Shares. Upon closing of Tranche 2, each of Kinross and Bollinger will hold
Upon closing of Tranche 2, the Company entered into an amended and restated investor rights agreement with Kinross to amend and restate the investor rights agreement entered into on July 8, 2024. The Company also entered into an investor rights agreement with Bollinger. Each investor rights agreement will confer on the investor certain participation rights, information rights and the right to nominate a member to the board of directors of the Company.
All securities issued in connection with Tranche 2 of the Offering are subject to a four-month Canadian restricted resale period that expires, with respect to resales in Canada, on July 14, 2025, and applicable securities legislation hold periods outside of Canada.
Proceeds from the Offering will be used to fund exploration activities at the Company's projects in Wyoming, USA, and for general working capital.
The participation of Bollinger in the private placement is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101") since Bollinger held more than
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
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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.
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