Au Gold Corp (TSXV: AUGC) has closed a non-brokered private placement raising $3,500,025, the company announced on October 14, 2026. The financing, first announced on September 29 and October 2, 2026, consisted of 15,217,500 units priced at $0.23 each. Proceeds are earmarked for mineral exploration and general corporate purposes, with the company stating it will continue aggressive exploration at its Havelock Gold-Antimony Project in Victoria, Australia.

Key Points

  • Au Gold Corp (TSXV: AUGC) closed its non-brokered private placement on October 14, 2026
  • The placement raised $3,500,025 through the issuance of 15,217,500 units at $0.23 per unit
  • Each unit includes one share and one half-warrant; whole warrants are exercisable at $0.40 for three years, with a hold period expiring February 15, 2027
  • Investors may watch for exploration updates from the Havelock Gold-Antimony Project in Victoria, Australia

Unit Structure and Warrant Terms of the AUGC Private Placement

Each of the 15,217,500 units issued in the placement comprises one common share and one half-warrant, meaning two units are required to form one whole warrant. Each whole warrant entitles the holder to acquire one additional share of Au Gold Corp at an exercise price of $0.40 for a period of three years. All securities issued under the placement are subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws, with that restriction expiring on February 15, 2027.

Finder's Fees and Warrants Issued in Connection With the Financing

In connection with closing the placement, Au Gold Corp paid $36,225 in finder's fees and issued 157,500 finder's warrants. Each finder's warrant is exercisable at $0.40 per share for a period of two years, the company disclosed. The release did not identify the finders by name. These compensation arrangements are standard practice in non-brokered private placements in the Canadian junior mining sector, where issuers rely on intermediaries to source accredited investors rather than engaging a formal underwriting syndicate.

Exploration Focus: Havelock Gold-Antimony Project in Victoria, Australia

Au Gold Corp stated that proceeds from the placement will be directed toward exploration on its mineral exploration properties and general corporate purposes. The company highlighted that it continues to aggressively explore the Havelock Gold-Antimony Project, located in Victoria, Australia. The release directed investors to previous news releases dated September 16 and September 21, 2026 for additional details on the company's exploration plans. No specific exploration targets, drill results, or timelines were disclosed in this announcement.