Lode Gold Announces Non-Brokered Private Placement of $7 Million Financing with Follow-On Investment from Lead Investor Coast Capital

July 14, 2026 - 03:57

Lode Gold Resources Inc. has announced a non-brokered private placement aimed at raising up to $7 million. The company will issue up to 25,925,926 units at a price of $0.27 per unit. Each unit consists of one common share and one share purchase warrant, with each warrant allowing the holder to buy an additional share at $0.40 for a period of two years from the closing date.

The financing has attracted a follow-on investment from Coast Capital LLC, a New York-based natural resources investment firm. Coast Capital, which already holds over 18 percent of Lode Gold's shares as an insider and major shareholder, plans to participate in the offering to maintain and increase its stake. The company expects to close the offering on or about July 28, 2026, subject to approval from the TSX Venture Exchange.

Proceeds from the offering will be used for general working capital and to advance the company's mineral properties. Lode Gold is focused on gold exploration and development, with key assets in North America. The company noted that the securities issued under the placement will be subject to a four-month hold period under Canadian securities laws.