Highway 50 Gold Corp. announced the successful completion of its upsized non-brokered private placement. The proceeds will fund a drill program at the Gold Knob project and provide working capital. The company also provided an overview of its strategic focus and future plans.
Friday, March 13, 2026 2:12 PM PDT Highway 50 Gold Corp. (TSXV: HWY) the Company is pleased to announce that further to its press releases dated February 18, 2026, February 23, 2026 and March 11, 2026, the Company has successfully completed its upsized non-brokered private placement of the Company at a purchase price of $0.40 per Unit. Each Unit comprises one common share of the Company and one common share purchase warrant of the Company, exercisable at a purchase price of $0.
50 per Warrant Share for a duration of one year from the closing date of the Offering. The proceeds generated from this Offering are earmarked for two primary purposes: firstly, to fund a comprehensive drill program at the Company's Gold Knob project, and secondly, to provide general working capital to support ongoing operational needs. The Offering remains contingent upon the final approval of the TSX Venture Exchange the Exchange. Securities issued under this Offering are subject to a four-month hold period, adhering to the regulations of applicable securities laws and the Exchange. In connection with the Offering, the Company disbursed cash finder's fees and issued finder's warrants to certain arm's length finders. Each Finder's Warrant grants the holder the right to acquire one Common Share of the Company at a price of $0.50 per Common Share, exercisable for a period of one year from the Closing Date. The securities detailed in this announcement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws. Consequently, they cannot be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements, or under exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.\ Highway 50 Gold Corp. is led by a team of seasoned explorers and mine finders, focused on executing an exploration plan developed over 35 years of experience in Nevada. Their project focus stems from the management's belief in breakthroughs in understanding north-central Nevada's crustal architecture. On behalf of the Board of Directors of Highway 50 Gold Corp., Gordon P. Leask, President, Chief Executive Officer, and Director, expressed confidence in the company's strategic direction. The TSX Venture Exchange, and its Regulation Services Provider, do not assume responsibility for the accuracy or adequacy of this release. This news release contains forward-looking statements. These forward-looking statements encompass projections regarding the Offering, the Company's capacity to finalize the Offering and secure Exchange approval for its completion, and the Company's intended exploration strategies for the Gold Knob project, along with the projected business and anticipated financial performance of the Company. These statements are subject to various risks and uncertainties. Actual results may diverge significantly from those presented in the forward-looking statements. Factors that may contribute to these discrepancies include the Company's failure to obtain regulatory acceptance for the Offering, fluctuations in metal prices, alterations in funding availability, unexpected changes in key management personnel, and prevailing economic conditions. The mining industry inherently involves substantial risks. Consequently, actual events may vary considerably from those projected in the forward-looking statements. When making decisions based on forward-looking statements, investors and other stakeholders should meticulously consider the aforementioned factors, along with other uncertainties, and refrain from placing undue reliance on such statements. The Company is not obligated to update any forward-looking statements, whether communicated orally or in writing, by itself or on its behalf, unless explicitly mandated by applicable laws.\Furthermore, the news landscape reflects a diverse range of developments within the mining and commodities sectors. S&P's recent downgrade of Botswana reflects challenges in the diamond sector, which represents a significant portion of the country's exports and government revenue. Concurrently, news highlights a significant pledge of $30 billion by Asia in energy and mineral deals with the US, indicating a sustained interest in the sector. Another major highlight includes the impact of the Iran war on the zinc market, resulting in raw material supply chain disruptions for China. Additionally, a slowdown in the construction of Rio Tinto's Quebec lithium plant has been reported, although the timeline remains unaffected. Moreover, ERG has urged Congo to put an end to illegal mining activities following a deadly landslide, adding another layer of complexity to the mining sector. These announcements paint a dynamic picture, involving investment trends, commodity market dynamics, production adjustments and calls for improvement within the sector, reflecting the complex interplay of economic, geopolitical, and operational factors. The company remains committed to advancing its exploration program while navigating the complexities of the mining sector and keeping stakeholders informed of its progress and any changes that may impact it
Mining Gold Private Placement Exploration Investment
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