1911 Gold Corporation announced a private placement of non flow-through units at a price of CAD 0.06 per share, flow-through units of the company at a price of CAD 0.07 per unit, Manitoba flow-through units at a price of CAD 0.097 per unit for the gross proceeds of CAD 3,900,000 on December 5, 2023. Each non flow-through unit will consist of one common share and one share purchase warrant exercisable to purchase one share at CAD 0.10 for 24 months from the closing date of the offering, each flow-through unit will consist of one common share and and one flow-through warrant exercisable to purchase one share at CAD 0.10 for 24 months from the closing date of the offering. Each Manitoba unit shall consist of one FT share and one FT Warrant.

The transaction will include participation from lead and new investor, Eric Sprott. The closing of the offering is expected to occur on or about December 22, 2023 and is subject to receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the Closing Date.