Au Gold Corp Closes $300,000 Private Placement

(TheNewswire)

October 1, 2025 Au Gold Corp (TSXV:AUGC) (" AUGC " or the " Company ") announces that it has closed the previously announced private placement of $300,000.

The Company raised $300,000 from the sale of 6 million units priced at $0.05 each. Each unit comprises one share and one whole $0.10 warrant valid for two years.  All securities issued are subject to a four month hold period expiring on February 2, 2026.

Finder's fees of $3,325 were paid to eligible parties.

Two directors of the Company purchased or acquired direction and control over a total of 950,000 units under the private placement. The placement to those persons constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).

The funds raised will be used for general corporate purposes and advancing mineral exploration on the Company's properties.

For further information, please contact:

Au Gold Corp

Marc G. Blythe, MBA, P.Eng., President & Chief Executive Officer

Sandrine Lam, Investor Relations Phone: 1-604-687-3520 Ext. 250

Email: info@augoldcorp.com

To learn more visit: https://augoldcorp.com

Cautionary Note

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AUGC:CA
The Conversation (0)
John Feneck, gold bars.

John Feneck: Gold, Silver, "Special Situations" — 7 Stocks to Play These Metals

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his outlook for gold and silver prices and stocks. He also speaks "special situation" companies. "(There's) a change of behavior away from, 'Hey, we're never going to permit your mine.' To, 'Hey, we're really thinking... Keep Reading...
Gold pan holding pieces of gold from creek placer deposit, with words '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Quarterback Resources Scores with 160 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Statistics Canada released October’s job numbers on Friday (November 7). The data showed a... Keep Reading...
Goldgroup (TSXV:GGA)

Goldgroup Files Updated Technical Report on Cerro Prieto Project

Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSXV:GGA)(OTCQX:GGAZF) is pleased to announce that it has filed an updated NI 43-101 technical report on the Cerro Prieto gold project located in Sonora State, Mexico. The report is entitled "Cerro Prieto Project, Heap Leach Project,... Keep Reading...
Adrian Day, gold bars.

Adrian Day: Gold Far from Top, Two Triggers for Next Price Move

Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold's price pullback, saying he currently sees no evidence of a top. "It's perfectly normal in middle of a bull market to have a significant correction. This really isn't even a correction yet, let's not forget that.... Keep Reading...
Rick Rule, mine site.

Rick Rule: Gold Strategy, Oil Stocks I Own, "Sure Money" in Uranium

Rick Rule, proprietor at Rule Investment Media, recently sold 25 percent of his junior gold stocks, redeploying the funds into physical gold, as well as Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM). In addition to those... Keep Reading...

Latest Press Releases

Related News