Relevant Gold Initiates First Tranche of $8.5 Million Private Placement

Relevant Gold Corp. announced the completion of the first tranche of its upscaled non-brokered private placement, raising approximately $1.48 million through the issuance of 4,920,000 common shares. The company aims to amass a total of $8.5 million, largely backed by strategic investors Kinross Gold Corporation and William G. Bollinger. The ongoing capital injection will support exploration activities in Wyoming and general working capital.

The subsequent tranche awaits TSX Venture Exchange approval and involves significant share purchases by both Kinross and Bollinger, each gaining a 19.9% stake. These investments include new agreements conferring specific participation and board nomination rights to the investors, highlighting continued confidence in Relevant Gold's exploration strategy.