U.S. Gold Corp. closed a private placement of 1,922,159 shares of common stock at $16.25 per share, along with warrants to purchase 961,077 shares at $23.00 per share, totaling $31.2 million.
New shareholders like Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors have been added to the company's registry.
The use of proceeds from the private placement includes development costs at the CK Gold Project, potential land acquisitions, exploration of properties, and general working capital purposes.
Private Placement Details
1,922,159 shares of common stock sold at $16.25 per share, with warrants for 961,077 shares at $23.00 per share.
New Shareholders
Notable additions to the shareholder registry include Franklin Templeton Investments and Mackenzie Investments.
Use of Proceeds
Funds will be utilized for development costs at CK Gold Project, land acquisitions, property exploration, and general working capital purposes.
- The pricing of the Offering Shares was set with a 4% discount to the close price on December 15, 2025.
- 30-day and 20-day Volume Weighted Average Price (VWAP) show premiums and discounts compared to the stock's closing prices.
- The private placement was conducted under Regulation D, and the Securities have not been registered under the Securities Act.
U.S. Gold Corp.'s successful private placement and addition of new shareholders signal positive growth opportunities and investment interest in the company.