Mr. Robert Vallis reports
TIGER GOLD ANNOUNCES CLOSING OF $21,000,000 OVERSUBSCRIBED OFFERING OF SPECIAL WARRANTS TO ACCELERATE DRILLING AT QUINCHIA
Tiger Gold Corp. has closed its previously announced commercially reasonable efforts offering of special warrants led by SCP Resource Finance LP, on behalf of itself and a syndicate of agents including Beacon Securities Ltd. and ArcStone Kingswood, a division of Kingswood Capital Partners LLC, whereby the company has completed the issuance of 25,619,351 special warrants at a price of 82 cents for gross proceeds of $21,007,867.82, including the partial exercise of the agents' overallotment option. The proceeds of the offering will be used to accelerate drilling at the company's Ceibal target at the Quinchia gold project with a goal of completing a maiden mineral resource estimate near the end of 2026, and for general working capital purposes.
Each special warrant shall be automatically exercised (without payment of any further consideration and subject to customary anti-dilution adjustments) into units of the company, with each unit consisting of one common share in the capital of the company and one-half of one common share purchase warrant of the company on the date that is the earlier of: (i) the date that is three business days following the date on which the company obtains a receipt from the British Columbia Securities Commission for a short form prospectus, qualifying the distribution of the securities issuable upon exercise or deemed exercise of the special warrants; and (ii) the date that is four months and one day following the closing of the offering. Each warrant shall entitle the holder thereof to acquire one common share at a price per warrant share of $1.20 for a period of 36 months following the closing of the offering.
As compensation in connection with the offering, the agents were paid total cash compensation of $1,098,810.37 and issued 404,896 compensation special warrants (the compensation SWs). Each compensation SW shall be automatically exercised (without payment of any further consideration and subject to customary anti-dilution adjustments) at the earlier of the qualification date and the qualification deadline for one compensation option of the company, each entitling the holder thereof to purchase one common share at an exercise price per common share that is equal to the issue price. Each of the compensation SWs and the compensation options shall have a term of 36 months following the closing of the offering.
The special warrants and the compensation SWs issued in connection with the offering are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on Oct. 11, 2026. Upon issuance following the qualification date or qualification deadline, as applicable, the common shares and warrants underlying the special warrants will be free trading under Canadian securities laws. The offering is subject to the final approval of the TSX Venture Exchange.
Advisory agreement
The company also announces that it plans to engage Stockchain Capital LLC, an arm's-length party to the company, to provide investor relations services pursuant to an advisory agreement to be entered into effective June 15, 2026. Pursuant to the advisory agreement, Stockchain will provide investor relations services tailored to the German audience, including the creation of articles and content for various financial platforms and newsletters. Stockchain's address is 3833 Powerline Rd. -- Ste. 801-T Fort Lauderdale, Fla., 33309, United States. The advisory agreement has a term of 12 weeks and provides for a cash payment of 250,000 euros to Stockchain upon execution, such payment to be made from the company's working capital. The engagement of Stockchain and the compensation payable under the advisory agreement remain subject to the approval of the TSX-V. To the knowledge of the company, Stockchain does not have any interest in the company's securities or any right or intention to acquire such an interest.
About Tiger Gold Corp.
Tiger is a growth-oriented gold exploration and mine development company focused on advancing its flagship asset, the Quinchia gold project, a multimillion-ounce gold project in the prolific Mid-Cauca belt of Colombia, over which Tiger has exercised its option to acquire a 100-per-cent interest. Tiger is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG (environmental, social and governance) specialists, and corporate finance professionals with a record of exploration success, project advancement and bringing mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources and others.
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