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Forge Resources Closes Brokered Private Placement of Units

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Forge Resources Closes Brokered Private Placement of Units

 

 

 

 

 

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) is pleased to announce the closing of the Company’s previously announced “best efforts” private placement. Further to its press release on September 4, 2026, the Company has issued 8,000,000 units at a price of $0.25 per Unit for gross proceeds of $2,000,000.

 

The Offering was completed by Ventum Financial Corp. as sole agent and bookrunner.

 

Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one common share of the Company for a period of two years expiring September 15, 2028, at an exercise price of $0.40 per share.

 

The Units sold under the Offering were issued in reliance on the “Listed Issuer Financing Exemption” under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and offered in all provinces of Canada, except Quebec, and other qualifying jurisdictions, and are not subject to any statutory hold period pursuant to applicable Canadian securities laws.

 

The net proceeds from the Offering will be used as described under the Company’s offering document dated September 4, 2026, available under the Company’s profile online at SEDAR+ (www.sedarplus.ca).

 

In connection with the Offering, the Company paid a cash commission equal to 7.0% of the Offering and compensation warrants equal to 7.0% of the Offering to the Agent. The Compensation Warrants entitle the holder to acquire one Unit at a price of $0.25 per Unit for a period of two years, expiring September 15, 2028.

 

The Compensation Warrants are subject to a hold period expiring four months and one day from issuance.

 

Richards Buell Sutton LLP acted as legal counsel to Forge in connection with the Offering, and Wildeboer Dellelce LLP acted as legal counsel to the Agent.

 

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the 1933 Act or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

 

About Forge Resources Corp.

 

Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.

 

In addition, the Company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

 

Posted September 15, 2026

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