On December 30, 2021, 1911 Gold Corporation closed an upsized brokered private placement of 20,500,000 premium flow-through shares issued to purchasers resident in Manitoba at a price of $0.56 per premium flow-through share and 14,500,000 national flow-through shares issued to purchasers resident in Canada at a price of $0.32 per national flow-through share for aggregate gross proceeds of $8 million, which includes the full exercise of the agent’s over-allotment option.
Canaccord Genuity Corp. acted as the sole placement agent.
Cassels acted for the agent.