1911 Gold Announces C$11.5 Million “Bought Deal” Life Offering and Private Placement

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB; FRA: 2KY) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (together with Haywood, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis: (i) 2,500,000 common shares of the Company (the “Non-FT Shares”) at a price of C$0.20 per Non-FT Share (the “Non-FT Issue Price”); (ii) 2,924,000 common shares which qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)) and qualify as “Canadian exploration expenses” and “flow through mining expenditures” as defined in the Tax Act and that are incurred in the province of Manitoba and qualify for the Manitoba Mineral Exploration Tax Credit (the “Tranche 1 CEE Shares”) at a price of C$0.342 per Tranche 1 CEE Share (the “Tranche 1 CEE Issue Price”); (iii) 26,042,000 common shares which qualify as “flow-through shares” (within the meaning of the Tax Act) and qualify as “Canadian exploration expenses” as defined in the Tax Act (the “Tranche 2 CEE Shares” and together with the Tranche 1 CEE Shares, the “CEE Offered Shares”) at a price of C$0.288 per Tranche 2 CEE Share (the “Tranche 2 CEE Issue Price”); and (iv) 10,163,000 common shares which qualify as “flow-through shares” (within the meaning of the Tax Act) and qualify as “accelerated Canadian development expenses” as defined in the Tax Act (the “CDE Offered Shares” and, together with the Non-FT Shares and CEE Offered Shares, the “Offered Shares”) at a price of C$0.246 per CDE Offered Share (the “CDE Issue Price”) for aggregate gross proceeds to the Company of C$11,500,202 (the “Underwritten Offering”).

Read more at globenewswire.com