Independence Gold proposes up to $6 million for 3Ts exploration
The private placement has not closed; part of the proceeds is intended for a 10,000-metre drill program in British Columbia.
Event / data period: 2026-09-29
Published: · Updated:
Independence Gold said on September 29 that it had proposed a non-brokered equity financing of up to $6 million. Flow-through shares and units are each priced at $0.16, with a combined maximum issuance of 37.5 million securities.
Proceeds from the flow-through shares are intended for eligible Canadian exploration spending on ongoing fieldwork and a planned 10,000-metre drill program at 3Ts. The company expected closing by October 23, subject to exchange and other regulatory approvals; the financing was not completed.
Data
Figures reported in the release
Maximum securities offered in the financing and the drilling length planned to be funded by the proceeds.
- Maximum combined securities issuance
- ≤37,500,000 count
- 2026-09-29 · Target
- Planned 3Ts drilling length
- 10,000 metres
- 2026-09-29 · Target
Methodology
Because the release did not specify the currency for its stated maximum proceeds, this data block uses the explicitly stated maximum number of securities instead.
Updated:
Subjects and places
Subject proposals
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