12:24 PM EDT, 03/12/2025 (MT Newswires) -- Solstice Gold ( SGCPF ) Wednesday said it will look to raise $0.85 million in a private placement offering of flow-through shares, units and common-share units.

The company said it will raise $0.65 million from the sale of flow-through share units priced at $0.049 and made up of a tax-advantaged share and one half of a one-year warrant to buy a second share for $0.05. It will also sell priced at $0.04.

It will also offer $0.2 million worth of common-share units priced at $0.035 each and made up of a share and one half of a one-year warrant to buy a share for $0.05.

The majority of the proceeds will go to funding gold exploration at the company's Strathy Gold Project.

The company's shares were last seen up $0.005 to $0.04 on the TSX Venture Exchange.