Relevant Gold Upsizes Private Placement to $7M
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has increased its previously announced non-brokered private placement to raise $7 million through the issuance of 23,333,333 shares at $0.30 per share. The proceeds will fund exploration activities at the company's projects in Wyoming, USA, and general working capital.
The private placement may include participation from company directors and officers, qualifying as a 'related party transaction' under MI 61-101, but exempt from formal valuation and minority shareholder approval requirements. The company may pay finder's fees, and the placement requires TSX Venture Exchange approval. Securities issued will have a four-month hold period, with closing anticipated in late February 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha aumentato il suo precedente annuncio riguardante un collocamento privato non mediato per raccogliere 7 milioni di dollari attraverso l'emissione di 23.333.333 azioni a 0,30 dollari per azione. I proventi finanzieranno le attività di esplorazione nei progetti dell'azienda in Wyoming, USA, e il capitale circolante generale.
Il collocamento privato potrebbe includere la partecipazione di direttori e funzionari dell'azienda, qualificandosi come una 'transazione con parti correlate' ai sensi della MI 61-101, ma esentata dai requisiti di valutazione formale e approvazione degli azionisti di minoranza. L'azienda potrebbe pagare commissioni ai procacciatori, e il collocamento richiede l'approvazione della TSX Venture Exchange. I titoli emessi avranno un periodo di blocco di quattro mesi, con la chiusura prevista per la fine di febbraio 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) ha aumentado su colocación privada no mediada previamente anunciada para recaudar 7 millones de dólares mediante la emisión de 23.333.333 acciones a 0,30 dólares por acción. Los ingresos financiarán las actividades de exploración en los proyectos de la empresa en Wyoming, EE. UU., y el capital de trabajo general.
La colocación privada puede incluir la participación de directores y funcionarios de la empresa, calificando como una 'transacción con partes relacionadas' bajo la MI 61-101, pero exenta de requisitos de valoración formal y aprobación de accionistas minoritarios. La empresa puede pagar comisiones a los intermediarios, y la colocación requiere la aprobación de la TSX Venture Exchange. Los valores emitidos tendrán un período de retención de cuatro meses, con el cierre anticipado a finales de febrero de 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF)는 23,333,333주를 주당 0.30달러에 발행하여 700만 달러를 모금하기 위해 이전에 발표된 비중개 사모 배정을 증가시켰습니다. 이 자금은 미국 와이오밍에 있는 회사 프로젝트의 탐사 활동과 일반 운영 자본을 지원하는 데 사용됩니다.
사모 배정에는 회사 이사 및 임원의 참여가 포함될 수 있으며, 이는 MI 61-101에 따른 '관련 당사자 거래'로 분류되지만, 공식적인 평가 및 소수 주주 승인 요구 사항에서 면제됩니다. 회사는 중개인 수수료를 지급할 수 있으며, 배정은 TSX 벤처 거래소의 승인을 필요로 합니다. 발행된 증권은 4개월의 보유 기간이 있으며, 2025년 2월 말에 마감될 것으로 예상됩니다.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) a augmenté son placement privé non médié par l'émission de 23.333.333 actions au prix de 0,30 dollar par action pour lever 7 millions de dollars. Les fonds serviront à financer les activités d'exploration des projets de l'entreprise dans le Wyoming, aux États-Unis, ainsi que le fonds de roulement général.
Le placement privé peut inclure la participation de directeurs et d'agents de l'entreprise, qualifiant comme une 'transaction entre parties liées' selon la MI 61-101, mais exemptée des exigences de valorisation formelle et d'approbation des actionnaires minoritaires. L'entreprise peut verser des commissions aux intermédiaires, et le placement nécessite l'approbation de la TSX Venture Exchange. Les titres émis auront une période de blocage de quatre mois, avec une clôture prévue à la fin de février 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) hat seine zuvor angekündigte nicht vermittelte Privatplatzierung erhöht, um 7 Millionen Dollar durch die Ausgabe von 23.333.333 Aktien zu einem Preis von 0,30 Dollar pro Aktie zu beschaffen. Die Erlöse werden die Explorationsaktivitäten der Unternehmensprojekte in Wyoming, USA, sowie das allgemeine Betriebskapital finanzieren.
Die Privatplatzierung kann die Teilnahme von Direktoren und Führungskräften des Unternehmens umfassen, die als 'Transaktion mit nahestehenden Personen' gemäß MI 61-101 eingestuft wird, jedoch von den Anforderungen an eine formelle Bewertung und die Genehmigung durch Minderheitsaktionäre befreit ist. Das Unternehmen kann Vermittlungsgebühren zahlen, und die Platzierung erfordert die Genehmigung der TSX Venture Exchange. Die ausgegebenen Wertpapiere haben eine Haltedauer von vier Monaten, wobei der Abschluss für Ende Februar 2025 erwartet wird.
- Increased private placement size to $7M from previous announcement
- Secured funding for exploration activities in Wyoming
- Potential dilution for existing shareholders through issuance of 23.3M new shares
- Insider participation in private placement may raise governance concerns
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 21, 2025 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce that in connection with its previously announced non-brokered private placement (see February 11, 2025 news release) the Company has increased the size of the private placement to 23,333,333 Shares (the "Shares"), at a price of
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.
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
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