Big Gold Inc. Closes Non-Brokered Private Placement, Raises $713,205

Big Gold Inc. (CSE: BG) has successfully closed a non-brokered private placement offering, raising a total of $713,205. The Company issued 1,571,500 flow-through shares (FT Shares) at $0.07 per share and 12,064,000 non-flow-through units (NFT Units) at $0.05 per unit. Each NFT Unit consists of one common share and one non-transferable purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.08 for a period of eighteen (18) months from the closing of the Offering.

The net proceeds from the Offering will be used to fund the Company's exploration programs at the Tabor Project in the Shebandowan Greenstone Belt and the Martin Kenty Project near the Rainy River Mine Complex in Ontario, as well as for working capital purposes. The Tabor Project is adjacent to the east along trend of the Moss Project of Goldshore Resources Inc., which hosts a current inferred resource of 6 million ounces (grading 1.2 g/t Gold) at the Moss Lake Gold deposit. The Martin Kenty Project is over 10,000 hectares adjacent and partially surrounded by First Mining’s Cameron Project, which hosts an inferred resource of 464,000 ounces Au M+I and 530,000 ounces Au Inf.

The Company's focus on these projects aligns with its long-term growth objectives, as both projects are located in well-explored mining districts in Ontario, Canada. This strategic focus allows the Company to leverage the extensive geological knowledge and infrastructure already established in these regions, reducing exploration risks and potentially accelerating the discovery of economic gold resources.

The issuance of FT Shares and NFT Units affects the Company's capital structure and potential future financing needs. The issuance of FT Shares allows the Company to raise capital while providing tax benefits to investors, as the FT Shares qualify as "flow-through shares" under subsection 66(15) of the Income Tax Act (Canada). The proceeds from the issuance of FT Shares and NFT Units will be used to fund the Company's exploration programs and working capital, which can help the Company advance its projects and potentially enhance its value. However, the issuance of new shares and warrants can also increase the Company's future financing needs, which may require the Company to explore alternative financing options and focus on generating revenue.

In conclusion, Big Gold Inc. has successfully closed a non-brokered private placement offering, raising $713,205. The Company's focus on the Tabor Project and Martin Kenty Project aligns with its long-term growth objectives, and the issuance of FT Shares and NFT Units affects the Company's capital structure and potential future financing needs. The Company is well-positioned to advance its projects and potentially enhance its value with the raised capital.