04:35 PM EDT, 06/24/2025 (MT Newswires) -- 1911 Gold ( AUMBF ) after trade Tuesday said it entered into an agreement with a syndicate of underwriters on a C$11.5 million bought-deal LIFE (listed issuer financing exemption) offering and private placement.

The underwriters have agreed to purchase a combination of shares, including: 2.5 common shares of the company at a price of C$0.20 per Non-Flow Through share; and 2.92 million flow-through shares price at C$0.342 per Tranche 1 CEE ('Canadian exploration expenses') share.

The company has granted the underwriters an option to purchase up to an additional 15% of the Underwritten Offering in any combination. Proceeds from the sale of the Non-FT shares shall be used for general corporate and working capital purposes.

The Offering is expected to close on or about July 17, 2025.

1911 shares closed unchanged at $0.22 on the TSX Venture Exchange today.