Forge Resources Closes Brokered Private Placement of Units
Forge Resources Closes Brokered Private
Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2026) - Forge Resources Corp. (CSE:
FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("
Forge
" or the "
Company
") is pleased to announce the closing of
the Company's previously announced "best efforts" private placement. Further to its press release on
September 4, 2026, the Company has issued 8,000,000 units (the "
Units
") at a price of $0.25 per Unit
for gross proceeds of $2,000,000 (the "
Offering
").
The Offering was completed by Ventum Financial Corp. (the "
Agent
"), as sole agent and bookrunner.
Each Unit consists of one common share of the Company (a "
Common Share
") and one common
share purchase warrant (a "
Warrant
"). Each Warrant entitles the holder to purchase one common share
of the Company for a period of two years expiring September 15, 2028, at an exercise price of $0.40
per share.
The Units sold under the Offering were issued in reliance on the "Listed Issuer Financing Exemption"
under Part 5A of National Instrument 45-106 -
Prospectus
Exemptions, as amended by CSA
Coordinated Blanket Order 45-935 -
Exemptions from Certain Conditions of the Listed Issuer
Financing Exemption
(collectively, the "
LIFE Exemption
"), and offered in all provinces of Canada,
except Quebec, and other qualifying jurisdictions, and are not subject to any statutory hold period
pursuant to applicable Canadian securities laws.
The net proceeds from the Offering will be used as described under the Company's offering document
dated September 4, 2026, available under the Company's profile online at SEDAR+
(
www.sedarplus.ca
).
In connection with the Offering, the Company paid a cash commission equal to 7.0% of the Offering and
compensation warrants (the "
Compensation Warrants
") equal to 7.0% of the Offering to the Agent.
The Compensation Warrants entitle the holder to acquire one Unit at a price of $0.25 per Unit for a
period of two years, expiring September 15, 2028.
The Compensation Warrants are subject to a hold period expiring four months and one day from
issuance.
Richards Buell Sutton LLP acted as legal counsel to Forge in connection with the Offering, and
Wildeboer Dellelce LLP acted as legal counsel to the Agent.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
the United States. The securities have not been and will not be registered under the 1933 Act or any
state securities laws and may not be offered or sold within the United States unless registered under the
1933 Act and applicable state securities laws or an exemption from such registration is available.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and
advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230
mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the
unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
In addition, the Company holds an 80% interest in Aion Mining Corp., a company that is developing the
fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams
of metallurgical and thermal coal.
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
604-271-0826
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking information
includes, but is not limited to, information concerning the Company's use of proceeds of the Offering
and its intentions with respect to the development of its mineral properties. Forward-looking
information is based on the views, opinions, intentions and estimates of management at the date the
information is made, and is based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
anticipated or projected in the forward-looking information (including the actions of other parties who
have agreed to do certain things and the approval of certain regulatory bodies). Many of these
assumptions are based on factors and events that are not within the control of the Company and there
is no assurance they will prove to be correct. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such information. The Company undertakes no obligation to update forward-
looking information if circumstances or management's estimates or opinions should change except
as required by applicable securities laws, or to comment on analyses, expectations or statements
made by third parties in respect of the Company, its financial or operating results or its securities. The
reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/314379