07:11 AM EST, 12/08/2025 (MT Newswires) -- Independence Gold ( IEGCF ) on Monday announced a proposed non-brokered equity financing, comprised of flow-through common shares and units, for a maximum aggregate proceeds of up to $5 million.

The company said that the FT shares will be offered at $0.11 and the units will be offered at a price of $0.10, with a combined total of a maximum 50 million shares issued.

Each unit will be made up of one share of the company and one-half of one warrant. Each whole warrant will allow the holder to buy one additional share at an exercise price of $0.15 per share for a period of 24 months.

The company will use the proceeds from the FT shares to incur eligible Canadian exploration expenditures that will qualify as "flow-through mining expenditures" related to the 3Ts Project, British Columbia and the Boulevard Project, Yukon.

The company said that a portion of the proceeds from the units is also intended to be used for general and administrative purposes.

The financing is expected to close on or before Dec. 19, 2025, subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange.