Headwater Gold Inc. announced a non-brokered private placement of 7,000,000 common shares at a price of CAD 0.22 per share for the gross proceeds of CAD 1,540,000 on September 9, 2024. The transaction will include participation from new investor, Centerra Gold Inc. The closing of the offering is subject to certain conditions including, but not limited to, approval of the CSE and receipt of all required regulatory and other approvals. The company anticipates the Offering will close on September 16, 2024 and does not intend to expand the offering beyond the participation by the investor.

All securities issued will be subject to a statutory hold period of four months and one day.