Independence Gold Closes CA$6.25 Million Private Placement

04:39 PM EDT, 10/26/2026 (MT Newswires) -- Independence Gold (IGO.V) after trade Monday said it closed its non-brokered private placement, raising a total of CA$6.25 million. The company said it issued 37.5-million flow-through common shares at CA$0.16 per share, raising CA$6 million. It also issued 1.54-million units at CA$0.16 per unit, raising an additional CA$246,400. Each unit consists of one common share and half of one warrant. Each whole warrant allows the holder to purchase one common share at CA$0.22 for 24 months from the date of issue, the company added. "With the flow-through funds raised, our winter drill program of approximately 10,000 metres will be fully funded and allows us to test several high-priority targets," Chief Executive Randy Turner said. Shares of Independence Gold closed down 4% at CA$0.12 on the TSX Venture Exchange.