en.Wedoany.com Reported - Canada's 1911 Gold Corp (TSX-V:AUMB) has increased its previously announced bought deal financing to C$31 million (approximately US$31.23 million).

The company has signed an amended agreement with Haywood Securities as lead agent, along with syndicate members BMO Capital Markets, Roth Canada, and Velocity Trade Capital. The underwriters will purchase on a bought deal basis the following securities: 7.81 million units at C$0.64 per unit; 12.61 million Canadian development expenses flow-through units at C$0.79 per unit; and Canadian exploration expenses flow-through units at prices ranging from C$0.75 to C$1.011 per unit.

Each unit consists of one common share and one-half of a warrant, with a full warrant exercisable at C$1.00 within 24 months following the closing of the transaction. The underwriters also have an additional option, exercisable within 30 days after closing, to purchase up to 15% of the expanded offering.

The proceeds will be used to advance exploration and development of the True North gold project, technical studies, and working capital. The offering is expected to close on or about July 14, 2026, subject to final approval from the TSX Venture Exchange.

1911 Gold Corp is an advanced gold exploration company focused on its wholly owned True North gold project located in the Archean Rice Lake greenstone belt in Manitoba.

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