Gold X2 Mining Inc. announced a non-brokered private placement to issue 75,659,611 charity flow-through common shares at an issue price of CAD 1.233 for the proceeds of CAD 93,288,300.363 and 23,800,000 units at an issue price of CAD 0.95 for the proceeds of CAD 22,610,000 on January 27, 2026. Transaction involves participation of AngloGold Ashanti for 58,992,945 shares, Michael Hess, Chief Investment Officer of Hess Capital for 23,800,000 unit and other investor for 16,666,666 shares. It is expected that the closing of the first tranche of the Charity Flow Through Offering will occur on or about February 19th, 2026, while the closing of the second tranche of the Charity Flow Through Offering will occur on or about February 26th, 2026.
Each Unit is comprised of one Common Share and one common share purchase warrant, each warrant exercisable for a period of 2 years to acquire an additional Common Share at CAD 1.42 per share. Closing is subject to the satisfaction of certain customary conditions, including receipt of the approval of the TSX Venture Exchange. All securities will be subject to a hold period of four months and one day from their date of issue
