sur Relevant Gold Corp. (isin : CA75941G1081)
Relevant Gold Announces Strategic Investment by Kinross Gold
Vancouver, BC / ACCESSWIRE / July 4, 2024 - Relevant Gold Corp. has entered into a subscription agreement with Kinross Gold Corporation for a $1,530,000 private placement financing. The placement involves 5,100,000 units at $0.30 per unit, each consisting of one common share and a half share purchase warrant. Each whole warrant allows the holder to buy an additional common share at $0.35 within 24 months of issuance.
Post-financing, Kinross will own approximately 9.9% of Relevant Gold's issued and outstanding shares. The two companies will establish an Investor Rights Agreement, granting Kinross pro-rata participation in future financings and the ability to raise its ownership stake to 19.9%.
The proceeds will fund exploration activities in Wyoming and for general working capital. The closing of the placement is anticipated following TSX Venture Exchange approval.
R. P.
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