On October 1, 2025, ONGold Resources Ltd. completed an upsized bought deal private placement of (i) 2,590,700 common shares that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and “eligible Ontario exploration expenditures” as defined in subsection 103(4) of the Taxation Act, 2007 (Ontario) at a price of $0.965 per common share for gross proceeds of approximately $2.5 million; (ii) 3,744,300 common shares that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Tax Act and “flow-through mining expenditures” as defined in subsection 11.7(1) of the Income Tax Act (Manitoba) at a price of $1.095 per common share for gross proceeds of approximately $4.1 million; and (iii) 3,970, 600 common shares at a price of $0.68 per common share for gross proceeds of approximately $2.7 million, for total aggregate gross proceeds of approximately $9.3 million.
The offering was conducted by a syndicate of underwriters led by Paradigm Capital Inc. and included Cormark Securities Inc. and Agentis Capital Partners.
Cassels acted for the underwriters.