1911 Gold Completes $35.65M Bought Deal Financing
1911 Gold Corp has completed a bought deal financing, raising C$35.65 million in gross proceeds through the sale of units and flow-through shares. The offering included 7.81 million units at C$0.64 each, along with Canadian development expenses (CDE) and exploration expenses (CEE) flow-through units priced at C$0.793 and C$0.752 respectively. The underwriters were led by Haywood Securities as lead underwriter and sole bookrunner, supported by BMO Nesbitt Burns, Roth Canada, and Velocity Trade Capital. The company will use the funds to advance its True North Gold Project, conduct technical studies, and cover working capital needs. Additionally, 1911 Gold paid C$2.139 million in cash commissions (6% of gross proceeds) and issued compensation options exercisable at C$0.64 per share until July 29, 2028.