Avidian Gold Closes Non-Brokered Private Placement
Avidian Gold Closes Non-Brokered Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
TORONTO, Ontario, May 13, 2026 - Avidian Gold Corp. (“Avidian” or the "Corporation") (TSX.V:
AVG) announce that it has closed its previously announced non-brokered private placement for gross
proceeds of $859,649.96 (the “Offering”).
The Offering consisted of the sale of 6,612,692 units of the Corporation (the “ Units”) at a price of $0.1 3
per Unit. Each Unit is comprised of one common share of the Corporation (each, a “Share”) and one half
of one common share purchase warrant of the Corporation (each whole such warrant, a “Warrant”), with
each Warrant entitling the holder thereof to purchase an additional Share (a “ Warrant Share ”) at an
exercise price of $0.25 per Warrant Share for 36 months from the closing of the Offering.
The Corporation intends to use the proceeds of the Offering for exploration at the Corporation’s mineral
properties and for general corporate and working capital purposes.
The Offering to the receipt of all necessary regulatory and other approvals including the final approval of
the TSX Venture Exchange (“TSXV”). The Corporation paid eligible finders aggregate cash commissions
of $10,010 and issued an aggregate of 77,000 non-transferable finders warrants (the “Finders Warrants”).
Each Finders Warrant entitling the holder thereof to purchase a Share (a “ Finder Warrant Share”) at an
exercise price of $0.13 per Warrant Share for 24 months from the closing of the Offering. All securities
issued and issuable pursuant to the Offering are subject to a hold period of four months and one day from
the date of issuance in accordance with applicable Canadian securities laws.
Certain directors and officers of the Corporation (the “Insiders”) acquired an aggregate of 640,000 Units.
The participation of Insiders in the Offering constitutes a “related party transaction” within the meaning of
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-
101”). The Corporation is relying on exemptions from the minority shareholder approval and formal
valuation requirements applicable to the related -party transactions under sections 5.5(a) an d 5.7(1)(a),
respectively, of MI 61 -101, as neither the fair market value of the securities to be acquired by the
participating Insiders nor the consideration to be paid by such directors and officers exceeds 25 percent of
the Corporation’s market capitalization.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities
laws and may not be offered or sold within the United States or to or for the account or benefit of a
U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption from such registration is
available.
About Avidian Gold Corp.
Avidian brings a disciplined and veteran team of project managers with a focus on advanced -stage gold
exploration. The Corporation currently holds a 100% interest in the Jungo Au-Cu property in Nevada and
is evaluating other opportunities.
Avidian is a shareholder in High Tide Resources (CSE: HTRC), which is focused on and committed to
the development of mineral projects critical to infrastructure development using industry best practices
combined with a strong social license from local comm unities. Avidian Gold controls approximately
12.3% of High Tide’s outstanding shares. High Tide owns a 100% interest in the Labrador West Iron
Project which hosts an inferred iron resource of 654.9 Mt @ 28.84% Fe and is located adjacent to the Iron
Ore Company of Canada’s (“IOCC”) Carol Lake Mine in Labrador City, NL operated by Rio Tinto PLC.
This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical
Report for this resource, from which the foregoing informat ion was drawn, is entitled “National
Instrument 43 -101 Technical Report Mineral Resource Estimate Labrador West Iron Project,
Newfoundland and Labrador, Canada”, was filed on SEDAR+ on April 6, 2023 and was authored by Ryan
Kressall M.Sc., P. Geo, Matthew Herrington, M.Sc., P. Geo, Catharine Pelletier, P. Eng. and Jeffrey
Cassoff P. Eng. The Corporation also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit
located 50 kilometres southeast of Fermont, Quebec.
Further details on the Corporation and the Jungo Property can be found on the Corporation’s website at
www.avidiangold.com.
For further information, please contact:
Steve Roebuck P.Geo
CEO and Director
Mobile: (905) 741-5458
Email: [email protected]
or
Dino Titaro
Chair of the Board of Directors
Mobile: (647) 283-7600
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-looking information
This News Release includes certain “forward -looking statements” which are not comprised of historical facts.
Forward-looking statements include estimates and statements that describe the Corporation’s future plans, objectives
or goals, including words to the effect that the Corporation or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “will”, “must” or “plan”. Since forward looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Corporation, the Corporation provides no assurance that
actual results will meet management’s expectat ions. Risks, uncertainties and other factors involved with forward -
looking information could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward -looking information. Fo rward looking information in this news
release includes, but is not limited to , the use of proceeds and receipt of regulatory approvals of the Offering , the
Corporation’s objectives, goals or future plans, statements, exploration results, potential mineralization, any potential
transactions involving the Corporation, the estimation of mineral resources, exploration and mine development plans,
timing of the commencement of operations by the Corporation or any other company in which it has an interest, the
material or financial outcomes of any such operations so commenced, any anticipated benefit to the Corporation or its
shareholders resulting from the Corporation’s shareholdings, and estimates of market conditions. Factors that could
cause actual results to differ materially from such forward-looking information include, but are not limited to: failure
of the Corporation to receive any required approvals for the Offering, failure of the Corporation to close the Offering
for any other reason, any change in the Corporation, its situation or the market, failure to identify mineral resources,
failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures
to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty
to accommodate First Nations and other indigenous peoples, uncertainties rel ating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital and operating costs varying significant ly from
estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in
the Corporation’s public documents filed on SEDAR+. Although the Corporation believes that the assumptions and
factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release, and no assurance can be
given that such events will occur in the d isclosed time frames or at all. The Corporation disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, other than as required by law.