Spanish Mountain Gold Ltd. (the “Company” or “Spanish Mountain Gold”) (TSX-V: SPA) (FSE: S3Y) (OTC: SPAUF) is pleased to announce that further to its press releases dated August 7 and August 11, 2025, the Company has closed its previously announced brokered private placement (the “Offering”) for aggregate gross proceeds of approximately C$7,199,968, which includes the proceeds from the exercise of the agent’s option. Pursuant to the Offering, the Company sold (i) 20,690,087 units of the Company (each, a “Unit”) at a price of C$0.145 per Unit (the “Unit Price”), (ii) 7,121,850 flow-through share units of the Company (each, a “FT Unit”) at a price of C$0.165 per FT Unit, and (iii) 15,124,000 flow-through share units of the Company sold to charitable purchasers (each, a “Charity FT Unit”, and together with the FT Units and Units, the “Offered Securities”) at a price of C$0.20 per Charity FT Unit.
Red Cloud Securities Inc. (“Red Cloud”) acted as sole agent and bookrunner in connection with the Offering.
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