Angus Gold Inc announced a non-brokered private placement of 5,800,000 special flow-through units at a price of CAD 0.80 per flow-through Unit for gross proceeds of CAD 4,640,000 on January 19, 2024. Each flow-through Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.80 per Warrant Share for a period of 24-months from the Closing Date.

The transaction includes participation from new investor, Wesdome Gold Mines Ltd. The closing of the Offering is expected to occur on or about February 8, 2024. The transaction is subject to certain conditions and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will be subject to a hold period of four months and one day from closing.