# 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.

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- Publisher: Newsverum
- Section: Business
- Country: Canada
- Published: 2026-10-07T12:59:35+00:00
- Updated: 2026-10-07T12:59:35+00:00
- Event / data period: 2026-09-29
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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.

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.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| Maximum combined securities issuance | 37500000 | count | 2026-09-29 | target | upper-bound |
| Planned 3Ts drilling length | 10000 | metres | 2026-09-29 | target |  |

Sources: <https://ingold.ca/news/independence-gold-announces-financing-of-up-to-6-0-million/> · Download data: [JSON](https://newsverum.com/api/v1/articles/independence-gold-proposes-6m-3ts-exploration-financing/data/release-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/independence-gold-proposes-6m-3ts-exploration-financing/data/release-figures?lang=en&format=csv)

## Sources

- [Independence Gold Corp.](<https://ingold.ca/news/independence-gold-announces-financing-of-up-to-6-0-million/>) (Source checked: 2026-10-07; Published: 2026-09-29)

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