is pleased to announce the closing of the second and final tranche of a non-brokered private placement, previously announced on December 5, 2024, for aggregate gross proceeds of approximately $250,000 consisting of the sale of 1,136,364 common shares at a price of C$0.22 per common share (each an “”). Combined with the closing of the first tranche of the Offering completed on December 23, 2024, in total the Offering raised gross proceeds of $5.
25 million (see the Company's news release dated December 23, 2024). “We are very grateful for the strong support and interest in this upsized financing to fully fund an impactful 2025 exploration program on our district-scale gold and critical mineral property portfolio with a unique mix of significant defined gold resources with extensive prospectivity for growth and greenfield opportunities in a prolific and underexplored area of a tier 1 jurisdiction in Canada,” stated David D’Onofrio, Chief Executive Officer.”) dated December 13, 2016, Agnico acquired the 1,136,364 HD Shares pursuant to the Offering and holds 18.3% ownership interest in the Company on a partially-diluted basis following the completion of the Offering. All securities issued pursuant to the Offering are subject to a statutory four-month and one day hold period in accordance with applicable Canadian securities laws.) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces of gold in Inferred Resources. Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at
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