ONGold Resources Raises CA$9.1 Million in Private Placement

09:56 AM EDT, 10/27/2026 (MT Newswires) -- ONGold Resources (ONAU.V) raised about CA$9.1 million after closing its previously announced upsized private placement. ONGold plans to use the proceeds to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Tax Act, the company said Tuesday. Under the offering, ONGold issued about 7.4 million ON FT units priced at CA$0.81 each, 1.6 million MB FT units priced at CA$0.93 each, and 2.7 million HD units at CA$0.58 each. ONGold owns the Monument Bay and Domain gold projects in Manitoba, as well as the TPK, October and Rapson Bay projects in Ontario.