StrikePoint Gold Inc. has amended its agreement with Canaccord Genuity Corp. to increase its previously announced bought deal private placement to 80,000,000 subscription receipts at C$2.00 each, securing gross proceeds of C$160 million.

The financing will fund the cash component of StrikePoint's agreement to acquire the Northumberland Gold Project from subsidiaries of Newmont Corporation for US$70 million in upfront cash consideration, which was announced on August 18, 2026. The Northumberland deposit contains an initial mineral resource estimate of 2.86 million ounces of gold equivalent in the indicated category and 1.57 million ounces of gold equivalent in the inferred category.

Net proceeds from the brokered offering will also be directed toward advancing exploration and development activities at the property, with less than 10% allocated for general corporate purposes. Under the acquisition terms with Newmont Corporation, StrikePoint is required to complete a Feasibility Study for the project, which will trigger a contingent cash payment of US$25 million within 120 days of completion.

The company has also granted the underwriter an option to purchase up to an additional 15,000,000 subscription receipts at the offering price to raise up to C$30 million in additional gross proceeds. This option is exercisable at any time up to 48 hours prior to the closing of the brokered offering.

Gross proceeds, less specific expenses, will be placed into escrow pending the satisfaction of all escrow release conditions. These conditions include the completion of all conditions precedent in the agreement and the receipt of necessary corporate and regulatory approvals, including conditional approval from the TSX Venture Exchange.

The escrow release conditions must be satisfied prior to 5:00 p.m. Toronto time on the date that is 45 days following the closing of the offering. If the conditions are met by the deadline, the subscription receipts will automatically convert into common shares upon the amalgamation of FinCo and HoldCo. If the conditions are not satisfied by the deadline, the escrow agent will return the aggregate offering price plus earned interest to subscribers, and the subscription receipts will be cancelled.

Trading in the company's common shares is expected to remain halted pending completion of the transaction, which constitutes a fundamental acquisition under TSX Venture Exchange policy.

Read the full announcement: StrikePoint Announces Upsize of Bought Deal Private Placement to C$160 Million