Relevant Gold Corp. announced that it has entered into a subscription agreement with new investor Kinross Gold Corporation to issue 5,100,000 units at a price of CAD 0.30 per unit for the gross proceeds of CAD 1,530,000 on July 4, 2024. Each unit consisting of one common share of the company and one-half share purchase warrant.

Each whole warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.35 for a period of 24 months from the date of issue. There are no finder's fees associated with this placement. After giving effect to the placement, the investor will hold approximately 9.9% of the issued and outstanding common shares in the capital of the company on a partially diluted basis.

The company anticipates closing the placement shortly following receipt of approval from the TSX Venture Exchange.