StrikePoint closes C$2 million non-brokered private placement
Key facts
- C$2M PP
- C$0.2/unit
- +0.5 wt @ C$0.3 / 36mo
- Sep 4 close
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2026) - StrikePoint Gold Inc. (TSXV: SKP) (OTC: STKXF) (" StrikePoint " or the " Company ") is pleased to announce the closing of its non-brokered private placement previously announced on August 18, 2026. The Company issued 10,000,000 units (the " Units ") of the Company at a price of $0.20 per Unit for gross proceeds of $2,000,000 (the " Non-Brokered Offering "). Each Unit consisted of one common share and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant shall be exercisable into one share (a " Warrant Share ") for a period of three years from the closing date, at an exercise price of $0.30 per Warrant Share. No finders' fees were incurred on closing of the Non-Brokered Offering.
The proceeds from the Non-Brokered Offering will be used for costs related to the Company's previously announced acquisition of the Northumberland Gold Project (" Northumberland "), concurrent bought deal financing, and share consolidation of 10 old shares for one new share (collectively, the " Transaction "), and for general working capital purposes. The Company will also use a portion of the proceeds to repay in full non-interest bearing, due on demand promissory notes totaling $500,000 held by certain individuals (including non-arm's length parties), as previously announced by the Company on August 18, 2026.
All securities issued pursuant to the Non-Brokered Offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The closing of the Non-Brokered Private Offering remains subject to the final approval of the TSX Venture Exchange (the " TSXV ").
Directors and officers of the Company (collectively, the " Participating Insiders ") subscribed for a total of 2,081,750 Units for aggregate gross proceeds of $416,350. Each is