VANCOUVER, British Columbia, June 16, 2026 (GLOBE NEWSWIRE) -- 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV:AUMB, OTCQX:AUMBF, FRA: 2KY)) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. ("Haywood"), as lead agent 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) 7,812,500 units (the "Units") of the Company at a price of $0.64 per Unit (the "Issue Price"); (ii) 6,305,200 "accelerated Canadian development expenses" flow-through units of the Company (the "CDE Units") at a price of $0.793 per CDE Unit (the "CDE Issue Price"); and (iii) any combination of: (A) "Canadian exploration expenses" flow-through units of the Company (the "Tranche 1 CEE Units") at a price of $0.864 per Tranche 1 CEE Unit, (B) "Canadian exploration expenses" flow-through units of the Company (the "Tranche 2 CEE Units") at a price of $1.011 per Tranche 2 CEE Unit, (C) "Canadian exploration expenses" flow-through units of the Company (the "Tranche 3 CEE Units" and together with the Units, CDE Units, Tranche 1 CEE Units and Tranche 2 CEE Units, the "Offered Securities") at a price of $0.752 per Tranche 3 CEE Unit, (D) CDE Units at the CDE Issue Price, and (E) Units at the Issue Price, for aggregate gross proceeds to the Company from the sale of the Offered Securities of $20,000,000 (the "Offering").
Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant of the Company (each whole purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share (a "Warrant Share") at a price per Warrant Share of $1.00 for a period of 24 months from the closing date of the Offering.
Each CDE Unit will consist of one Common Share and one-half Warrant to be issued as a "flow-through share" with respect to "Canadian development expenses" that qualifies as "reaccelerated Canadian development expenses" (within the meaning of the Tax Act). Each Tranche 1 CEE Unit will consist of one Common Share and one-half Warrant to be issued as a "flow-through share" with respect to "Canadian exploration expenses" (within the meaning of the Tax Act). Each Tranche 2 CEE Unit will consist of one Common Share and one-half Warrant to be issued as a "flow-through share" with respect to "Canadian exploration expenses" (within the meaning of the Tax Act) that qualify as "flow-through mining expenditures" as defined in subsection 127(9) of the Tax Act, and also as "flow-through mining expenditures" within the meaning of subsection 11.7(1) of The Income Tax Act (Manitoba). Each Tranche 3 CEE Unit will ...
