Relevant Gold Completes Strategic Financing; Embarks on Largest Drilling Program in Company History
Relevant Gold Corp. (TSX-V:RGC) (OTCQB:RGCCF) is pleased to announce that it has closed tranche 2 of its previously announced non-brokered private placement financing (see news release dated March 16, 2026) consisting of 13,814,886 common share of the Company at a price of $0.50 per Common Shares for gross proceeds of $6,907,443 and together with the first tranche which closed on April 7, 2026, an aggregate of 24,113,436 Common Shares for aggregate gross proceeds of $12,056,718.
In connection with Tranche 2 of the Offering, the Company entered into a subscription agreement with each of Kinross Gold Corporation (NYSE: KGC) and Mr. William G. Bollinger, pursuant to which Kinross agreed to purchase 5,527,152 Common Shares and Mr. Bollinger agreed to purchase 6,822,174 Common Shares of the Company. Upon closing of Tranche 2, each of Kinross and Mr. Bollinger will maintain an ownership position of approximately 19.9% of the issued and outstanding Common Shares of the Company.
“The support from Kinross, Bollinger, McEwen, and a broad group of new and existing shareholders is a strong endorsement of our team, our strategy, and the discovery potential of our Wyoming gold systems,” said Rob Bergmann, CEO of Relevant Gold. “With the largest financing in the Company’s history, we are positioned to execute our largest-ever drill program and aggressively test the highest-priority targets across the portfolio. We are grateful for the continued support of our strategic investors and shareholders as we advance into a catalyst-rich year with meaningful discovery potential.”
All securities issued in connection with Tranche 2 of the Offering are subject to a four-month Canadian restricted resale period expiring on August 14, 2026, and applicable securities legislation hold periods outside of Canada.
Proceeds from the Offering will be used to advance exploration across the Company’s district-scale gold projects in Wyoming, including drilling at the Apex and Lewiston projects, as well as for general working capital purposes.
The participation by each of Kinross and Mr. Bollinger in the Offering is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 since each of Kinross and Mr. Bollinger held more than 10% of the issued and outstanding Common Shares prior to giving effect to the Offering. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Common Shares issued to or the consideration paid by each of Kinross or Mr. Bollinger will exceed 25% of the Company’s market capitalization.
The Offering remains subject to final acceptance of the TSX Venture Exchange.
Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming – one of the most mining-friendly jurisdictions in the United States and globally.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
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Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information about Relevant Gold Corp. or this news release, please visit our website at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher Jensen, Manager of Investor Relations, at 651-253-2659 or by email at investorrelations@relevantgoldcorp.com.
