Onyx Gold Corp. Set to Close $6.4M Private Placement for Ontario Exploration
Onyx Gold Corp. is set to close a non-brokered private placement on or about October 15, 2025, subject to approval from the TSX Venture Exchange. The placement, totalling $6,445,000, will involve the sale of 2,650,000 common shares at $2.43 per share.
The company, which boasts an extensive portfolio of gold projects in the greater Timmins gold camp, including the Munro-Croesus Gold property and Golden Mile, recently completed a bought-deal offering of $20 million and an upsized non-brokered private placement of $6.4 million with strategic investors. These financings have provided Onyx Gold Corp. with a total of $26.4 million in proceeds, ensuring strong financial flexibility for exploration programs.
The upcoming non-brokered private placement is expected to raise $6,445,000, with funds being used to incur Qualifying Expenditures related to the company's projects in Ontario by December 31, 2026. The strategic investors involved in this placement remain undisclosed at this time.
Onyx Gold Corp., with its experienced board and senior management team, is committed to creating shareholder value through mineral exploration and responsible exploration practices. The recent and upcoming financings will enable the company to advance its projects in both Ontario and the Selwyn Basin area of Yukon Territory.
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