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Big Gold Inc
Symbol BG
Shares Issued 45,798,585
Close 2024-10-18 C$ 0.025
Market Cap C$ 1,144,965
Recent Sedar Documents

Big Gold arranges $175,000 private placement

2024-10-22 02:59 ET - News Release

Mr. Scott Walters reports

BIG GOLD ANNOUNCES CONCURRENT NON-BROKERED PRIVATE PLACEMENT

Big Gold Inc. has launched a non-brokered private placement of securities for up to $175,000.

The offering will be composed of a combination of: (i) non-flow-through units to be sold at a price of 2.5 cents per NFT unit for aggregate gross proceeds of up to $75,000; and (ii) flow-through units to be sold at a price of four cents per FT unit for aggregate gross proceeds of up to $100,000. Each NFT unit will be composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each FT unit will be composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one warrant. The warrants for all units will be subject to the same terms, with each warrant entitling the holder thereof to purchase one common share for a period of 24 months from the date of issuance at an exercise price of five cents per warrant share.

The company intends to use the gross proceeds raised from the FT offering for exploration and related programs on the company's Tabor mineral properties. The proceeds from the NFT offering will be used for general working capital and administrative purposes.

In accordance with applicable Canadian securities laws, all units issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance.

The company may pay finders' fees composed of cash and non-transferable warrants in connection with both offerings, subject to compliance with the policies of the Canadian Securities Exchange.

The offering is scheduled to close on or about Oct. 30, 2024, unless otherwise disclosed by the company.

About Big Gold Inc.

Big Gold is a junior mining exploration company. Its initial focus is to conduct exploration programs on the Martin Kenty and Tabor projects located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects.

We seek Safe Harbor.

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