Solstice Gold Corp. (TSXV: SGC) has closed a private placement raising approximately $650,000, the company said, with proceeds earmarked for the cash portion of an acquisition of surface and mining rights in Ontario.
Solstice issued 10,833,333 common shares at $0.06 per share. Company insiders bought 883,333 of those shares, contributing roughly $53,000 to the total. No finder’s fees were paid in connection with the offering.
The funds will cover the cash consideration for Solstice’s acquisition of surface and mining rights to certain real property southwest of the company’s Strathy Gold Project in Ontario’s Abitibi Subprovince. The deal includes two mining patents and 43 unpatented mining claims, the company said.
Solstice announced the acquisition on August 24, 2026. Closing is anticipated on or about September 14, 2026.
The transaction qualifies as a related-party transaction under Multilateral Instrument 61-101. Solstice said it is exempt from formal valuation and minority shareholder approval requirements because the fair market value of securities purchased by related parties falls below 25% of the company’s market capitalization.
All securities issued in the private placement are subject to a four-month-and-one-day hold period under Canadian securities laws and TSX Venture Exchange policies. The shares were not registered under the United States Securities Act of 1933, and the offering relied on exemptions from prospectus requirements under Canadian securities law.
Solstice is headquartered in Vancouver, British Columbia.
