Relevant Gold Corp. Announces $5M Private Placement

Relevant Gold Corp. has announced a $5 million non-brokered private placement. The financing, led by Kinross Gold Corporation and Mr. William G. Bollinger, involves selling 16,666,667 shares at $0.30 each. Both investors plan to increase their equity positions to 19.9%.

The capital will support exploration in Wyoming, USA, and general working expenses. CEO Rob Bergmann noted this as a significant milestone, highlighting the confidence of strategic investors in the company’s assets and exploration potential.

Directors and officers may also participate, qualifying as a "related party transaction." The financing awaits TSX Venture Exchange approval, with an anticipated closing by late February 2025.