Big Ridge Gold Corp. announced a non-brokered private placement of 10,000,000 flow-through units of the company at a price of CAD 0.20 per flow-through unit for gross proceeds of CAD 2,000,000 on July 8, 2022. Each flow-through unit will consist of one common share of the company to be issued as a "flow-through share" and one half of one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.27 for a period of 24 months following the closing of the offering. The closing of the offering is expected to occur on or about July 22, 2022 and is subject to receipt of all necessary regulatory approvals including the acceptance of the offering by TSX Venture Exchange. Finder's fees and finder's warrants will be payable in accordance with the policies of the TSX Venture Exchange.

The flow-through shares, warrant shares and any common shares of the company that are issuable pursuant to the exercise of the finder's warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.