en.Wedoany.com Reported - Canadian mining company Tiger Gold Corp. announced the completion of its previously disclosed special warrant offering, issuing 25,619,351 special warrants at C$0.82 per warrant for total gross proceeds of C$21,007,867.82, including partial exercise of the agent's over-allotment option. The offering was led by SCP Resource Finance LP, with Beacon Securities Limited and ArcStone Kingswood acting as co-agents. Proceeds from the offering will be used to accelerate drilling at the Ceibal target of the Company's Quinchía Gold Project in Colombia, with the goal of completing an initial mineral resource estimate by the end of 2026, with the remainder used for general working capital.
Each special warrant will be automatically exercised into one unit of the Company on the earlier of three business days after the Company receives a receipt for a final qualified prospectus from the British Columbia Securities Commission, or four months and one day after the closing of the offering. Each unit consists of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at C$1.20 per share within 36 months after the closing of the offering. As compensation, the agents received C$1,098,810.37 in cash compensation and 404,896 compensation special warrants, each of which will be automatically exercised into one Company compensation option on the earlier of the qualification date or the qualification deadline.
The Company also announced plans to engage Stockchain Capital LLC to provide investor relations services. The consulting agreement has a term of twelve weeks, and the Company is required to pay €250,000 in cash upon signing the agreement, which will be funded from working capital. The engagement of Stockchain and related compensation are subject to approval by the TSX Venture Exchange (TSXV). To the Company's knowledge, Stockchain does not hold any interest in the Company's securities and has no intention to do so.
Tiger Gold Corp. is a company focused on gold exploration and mine development, with its primary asset being the Quinchía Gold Project located in the Mid-Cauca Gold Belt of Colombia. The Company's team consists of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals who have previously worked at globally renowned mining companies such as AngloGold Ashanti, Barrick Mining, and Yamana Gold.
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