1911 Gold Files Final Prospectus for $31 Million Bought Deal

July 24, 2026 - 09:42

1911 Gold Corporation has taken the next step in its previously announced financing, filing a final short form prospectus for a bought deal public offering expected to raise approximately $31 million.

The company confirmed that the prospectus, dated July 23, 2026, has been filed with securities regulators in all Canadian provinces except Quebec. The offering consists of 7,812,500 units priced at $0.64 per unit. Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at a specified price for a period following closing.

The bought deal financing was originally announced in mid-June 2026, with an underwriter syndicate agreeing to purchase all units on a firm commitment basis. The company has the option to sell additional units to cover over-allotments.

Proceeds from the offering are intended to fund exploration and development work on the company's gold properties, as well as for general working capital purposes. 1911 Gold holds a portfolio of assets in mining-friendly jurisdictions, with a focus on advancing its flagship projects.

The offering remains subject to regulatory approvals and customary closing conditions. Trading on the TSX Venture Exchange is expected to resume or continue under the company's existing symbol. The closing date is anticipated within the next several business days.