Stakeholder Gold closes flow-through financing
Key facts
- C$700K PP
- C$2.06/unit
- +0.5 wt @ C$2.4
- Aug 7 close
Toronto, Ontario--(Newsfile Corp. - August 7, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce that it has closed a non-brokered flow-through private placement for aggregate gross proceeds of $700,400.
The private placement was completed at a price of $2.06 per unit for a total of 340,000 units.
Each flow-through unit consists of one common share of the Company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $2.40 per share for a period of two (2) years from the date of issuance.
Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $3.00 per share. Thirty days (30) after the trigger date, any unexercised Warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a 'hold' period expiring four months and one day from the date of closing. The financing was completed with investors secured by Wealth Creation Preservation & Dominion Inc. ("Wealth" or "WCPD").
Gross proceeds from the Private Placement will be used to fund Canadian exploration expenditures, including expenditures that qualify as eligible mineral exploration expenses, as defined under the Income Tax Act (Canada) . The Company intends to incur qualifying expenditures on its Ballarat exploration property located in the White Gold District of the Yukon Territory, Canada and to renounce such expenditures to subscribers effective December 31, 2026.
All securities issued in connection with the Private Placement are subject to a statutory hold period in accordance with applicable securities laws. The Private Placement remains subject to final approval of the TSX Venture Exchange.
About Stakeholder Gold Corporation
Stakeholder holds 100% ownership of 1,140 contiguous mineral claims covering 22,700 hectares and spanning 20 km of the Coffee Mine Project's "Northern Access Route ( NAR )", which is being developed through the geographical center of the White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project (" Ballarat ").
Within the Company's contiguous claim holdings, Stakeholder is advancing exploration on the Skye Gold Zone and the Loki Copper Zone - two compelling exploration targets separated by some 8 km, prospective for new gold and copper discoveries respectively, on either side of the Northern Access Route ( NAR ), in the heart of the White Gold District.
https://stakeholdergold.com/projects-overview/ballarat-gold-copper-project/