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1911 Gold files prospectus for public offering to fund True North exploration

1911 Gold Corp filed a preliminary short form prospectus for a public offering of common shares and multiple flow-through share tranches to raise capital for its True North Gold Project in Manitoba. Proceeds are earmarked for exploration and development, technical studies, and general working capital. The deal includes a 30-day over-allotment option of up to 15% of the securities, and closing is expected by June 30. The announcement is supportive for the company’s near-term funding needs and could help advance project work, though the final terms are still pending underwriter agreement.

Category

Gold

Sentiment

Neutral

Event

Institutional filing

Reading time

1 min