RSS SubscribeAugust 31, 2026
Vancouver, British Columbia – October 2, 2026 – Au Gold Corp (TSXV:AUGC) (“AUGC” or the “Company”) announces that due to strong demand, it has agreed to increase the non-brokered private placement announced on September 29, 2026 to $3,500,025. The placement will now consist of 15,217,500 units priced $0.23 each. Each unit comprises one share and one half warrant valid for three years. Each whole warrant may be converted to one share of AUGC by payment of $0.40. The securities issued with respect to the private placement will be subject to a hold period of four months and one day in accordance with applicable securities laws. This financing is subject to TSX Venture Exchange approval.
Founder and CEO, Marc Blythe stated, “The demand from current and new investors has been very strong an indication of their belief in our strategy and plans. The additional funds will provide greater flexibility as we commence drilling at our Havelock gold-antimony project. Even with the increase we were unable to accommodate all of the investor interest in this financing, however the company needs to balance dilution against its exploration budget.”