On April 14, 2026, AuMEGA Metals Ltd. (“AuMEGA”), a gold exploration company, announced the closing of its brokered private placement financing for aggregate gross proceeds of approximately C$30.1 million. The offering was led by Clarus Securities Inc. and included Canaccord Genuity Corp. and BMO Nesbitt Burns Inc.
AuMEGA completed the financing in two tranches. The first tranche closed on March 5, 2026, and consisted of the issuance of 98,376,589 premium flow-through units at a price of C$0.0544 per unit, for gross proceeds of approximately C$5.4 million. The second tranche closed on April 14, 2026, following receipt of shareholder approval and consisted of the issuance of 408,973,412 hard dollar units at a price of C$0.04 per unit, for gross proceeds of approximately C$16.4 million, 233,376,589 premium flow-through units at a price of C$0.0544 per unit, for gross proceeds of approximately C$12.70 million, and 22,127,660 flow-through shares at a price of C$0.047 per share, for gross proceeds of approximately C$1 million.
The proceeds of the financing are anticipated to be used to advance AuMEGA’s exploration programs, including to fund expanded drill programs across the Cape Ray Resource, Cape Ray West (including Isle aux Morts Granite) and Bunker Hill, as well as for ongoing target generation, early-stage exploration, working capital and general corporate purposes.
Fasken advised AuMEGA with a team led by John Sabetti and included Victoria Zed, Rohat Jumani and Mai Khalife (student).
Jurisdiction
- Ontario
