Carlin Gold Raising CA$30 Million in Two Private Placements

11:41 AM EDT, 09/08/2026 (MT Newswires) -- Carlin Gold (CGD.V) on Tuesday said it entered into a share-unit purchase agreement with Electrum Gold Exploration and a concurrent private placement to raise proceeds of CA$21.5 million and CA$8.5 million, respectively. Electrum Gold Exploration agreed to purchase 16.5-million units at CA$1.30 apiece, raising its stake in Carlin to 40.3% stake in the company on a fully diluted basis from 8.1%. The concurrent brokered private placement consists of up to 6.5-million units at CA$1.30 apiece. The units are made up of a share and a two-year warrant to buy a share for CA$1.50. Carlin has also granted the agent an option to sell up to 980,769 additional units at CA$1.30 per unit for additional proceeds of about CA$1.3 million. Proceeds of the strategic investment and the private placement will be used for exploration on its Nevada properties and for general corporate needs. Shares of the company were last seen unchanged at C$1.51 on the TSX Venture Exchange.