Independence Gold to Raise CA$6 Million Via Non-Brokered Equity Financing

11:38 AM EDT, 09/30/2026 (MT Newswires) -- Independence Gold (IGO.V) plans to launch a non-brokered equity financing to raise CA$6 million, it said in a statement late Tuesday. The company is offering flow-through shares (FT shares) and share units. The FT shares will be offered at CA$0.16 and the units will be offered at CA$0.16, and a combined total of a maximum 37.5-million shares will be issued. Each unit consists of a share and one-half of a two-year warrant to buy a share for CA$0.22. Proceeds from the FT shares will be used to incur eligible Canadian exploration expenditures that will qualify as "flow-through mining expenditures" related to ongoing field exploration and a 10,000-metre drill program at the 3Ts Project, British Columbia, it said. A portion of the proceeds from the units is intended to be used for general and administrative needs, it added. Shares of the company were last seen unchanged at CA$0.16 on the TSX Venture Exchange.