# ONGold increases exploration financing offer to $9.26 million

> The enlarged best-efforts placement announced on October 5 remains subject to regulatory approvals and a planned closing.

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- Publisher: Newsverum
- Section: Finance
- Country: Canada
- Published: 2026-10-07T12:59:35+00:00
- Updated: 2026-10-07T12:59:35+00:00
- Event / data period: 2026-10-05
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ONGold Resources increased the maximum size of a previously announced private placement on October 5 from $5.346 million to $9.25565 million to support exploration projects in Ontario and Manitoba. The amended offering includes flow-through shares and hard-dollar units.

The company plans to offer up to 7,410,000 Ontario flow-through units for eligible Ontario expenditures, alongside Manitoba flow-through and ordinary units. Closing was expected around October 27 and remains subject to exchange and other required approvals; the amount is not proceeds already received.

## Data

### Ontario flow-through units proposed for exploration spending

Units allocated to eligible Ontario expenditures in the amended financing offer.

Methodology: This is the maximum number offered; the expected closing around October 27 and required approvals had not yet occurred.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| Maximum ONGold Ontario flow-through units | 7410000 | count | 2026-10-05 | target | upper-bound |

Sources: <https://ongoldresources.com/ongold-announces-upsize-of-life-financing-to-9-3-million/> · Download data: [JSON](https://newsverum.com/api/v1/articles/ongold-upsizes-exploration-financing-to-9-3-million/data/release-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/ongold-upsizes-exploration-financing-to-9-3-million/data/release-figures?lang=en&format=csv)

## Sources

- [ONGold Resources Ltd.](<https://ongoldresources.com/ongold-announces-upsize-of-life-financing-to-9-3-million/>) (Source checked: 2026-10-07; Published: 2026-10-05)

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