Paradigm Gold Announces Non-Brokered Private Placement
Paradigm Gold Announces Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) -
Paradigm Gold Corporation
(TSXV: PDQ) ("Paradigm" or the "Company")
reported today that it plans to issue up to 9,000,000
units in a non-brokered private placement for total gross proceeds of $1,050,000.
The Company will issue up to 6,000,000 flow-through units ("FT Units") at a price of $0.125 per FT Unit
to raise $750,000, and issue up to 3,000,000 non-flow-through units ("NFT Units") at a price of $0.10 per
NFT Unit to raise $300,000 (collectively, the "Offering"). Each FT Unit will consist of one flow-through
common share and one-half share purchase warrant (each whole warrant, a "Warrant"). Each NFT Unit
will consist of one non-flow-through common share and one-half Warrant. Each Warrant in the Offering
will be exercisable to purchase one non-flow-through common share at an exercise price of $0.15 for a
period of three years from the date of issue. Finders' fees and commissions may be paid by the
Company in relation to the Offering. The securities issued under this Offering will be subject to a hold
period of four months and one day from issuance. The Offering and payment of finder's fees is subject to
TSX Venture Exchange acceptance.
Net proceeds from the Offering will be used for working capital and to fund costs associated with an
exploration program on the 100% owned Swift-Katie, gold/copper project in the "Golden Arc" district in
British Columbia, consisting of five priority targets identified over a 2,500m strike-length.
Swift-Katie Cu-Au Project, BC. 100% owned
The Swift-Katie project is located 7 kilometers southwest of Salmo, British Columbia, Canada, has
excellent access via road and infrastructure, and benefits from a year-round exploration advantage. The
large land package consists of 19 MTO and Legacy mineral claims totaling approximately 8,797
hectares, which comprises two claim groups underlying the
Katie copper-gold-silver porphyry
deposit
(a possible analogue to the producing Copper Mountain Mine at Princeton, BC) and the
Swift
gold target
(possible analogues to gold-veins in the nearby Rossland Mining District) (+2.7Mozs Au
production).
2025 Exploration will primarily focus on the Swift Gold target, where previous drilling by the company in
2017 returned multiple high-grade gold intercepts extending along an approximate 1.75km strike-length
of the target structure which remains largely untested. Highlights from 2017 drilling include
2.5m of
11.5g/t Au and 6.7g/t Ag in hole SK17-015
; and
8.6m of 3.1g/t Au and 2.0g/t Ag in hole SK17-019.
Historical results from trenching in another area of the Swift Target include
2m averaging 100.1g/t Au
,
outlining the potential for areas of increased gold grades along the structure.
The reader is cautioned
that these results are historical in nature, have been provided for information purposes only
and have not been independently verified by the company.
Drilling to date on the Katie Target has identified three areas of significant Cu-Au mineralization, defined
in 72 historic drill holes, which when modelled, form a semi-continuous shell of anomalous copper-gold
mineralization over an 1800m cumulative strike. Highlight assays from the company's drilling on the
Katie Target include 101.5m of 0.19% Cu and 0.12g/t Au from VKT08-069 and 64m of 0.16% Cu and
0.29g/t Au from VKT08-071. The Katie Target is being permitted as a secondary drill target.
Property location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5345/264331_316a77cc34823b41_002full.jpg
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered under
the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered
under the 1933 Act and applicable state securities laws, or an exemption from such registration is
available.
Robert Macdonald, MSc. P.Geo, is the Exploration Manager of Paradigm Gold Corporation and a
Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the
exploration on the Swift-Katie project and for the preparation of the technical information in this
disclosure. He has approved the release of this news release.
On behalf of the Board of Directors,
"John Kerr"
John Kerr, President, Paradigm Gold Corporation
For further information, please visit Paradigm's website at
https://www.paradigmgoldcorp.com/
or
contact us at 604.641.2759 or by email at
.
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
release.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements in this news
release include completion of the Offering and completing the exploration program on the Swift Katie
property. Forward-looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in
such statements. These statements are based on a number of assumptions, including, but not limited
to, assumptions regarding general economic conditions, interest rates, commodity markets,
regulatory and governmental approvals for Paradigm Gold Corporation's projects, and the availability
of financing for Paradigm Gold Corporation's projects on reasonable terms. Factors that could cause
actual results to differ materially from those in forward looking statements include market prices,
exploitation and exploration successes, the timing and receipt of government and regulatory
approvals, and continued availability of capital and financing and general economic, market or
business conditions. Paradigm Gold Corporation does not assume any obligation to update or revise
its forward-looking statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.
This news release is not intended for distribution to United States newswire services or
dissemination in the United States
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/264331