Highway 50 Gold Corp. (TSX-V:HGY) Announces Private Placement to Raise Up to $1.5 Million

Vancouver, British Columbia — February 18, 2026 — Leads & Copy — Highway 50 Gold Corp. is set to conduct a non-brokered private placement aiming to generate up to $1,500,000 for the company.

The company plans to issue up to 3,750,000 units at a price of $0.40 each. Each unit will include one common share of the company and one common share purchase warrant. The warrants will allow the holder to buy one common share of the company at $0.50 per warrant share for one year from the offering’s closing date.

The proceeds from the offering are earmarked for a drill program at the company’s Gold Knob project and for general working capital.

The offering is contingent upon the acceptance of the Exchange. Securities issued will be subject to a four-month hold period, following securities laws and Exchange rules. Finder’s fees, potentially up to 6% or as determined by the company, may be paid in cash or finder’s warrants to arm’s length finders on specific proceeds raised.

The securities in question have not been registered under the United States Securities Act of 1933 or any state securities laws. As such, they cannot be offered or sold in the United States without compliance with the U.S. Securities Act’s registration requirements and applicable state securities requirements, or exemptions. This announcement is not an offer to sell or a solicitation to buy securities in any jurisdiction.

Gordon P. Leask, President, CEO and Director, made the announcement on behalf of Highway 50 Gold Corp.

Source: Highway 50 Gold Corp.

×

Welcome!

Biotech Reporter is the source most up-to-date real-time, direct-from-source News Tips and Story Leads.

By Subscribing you will receive Daily Biotech Update each day at 9:30 am ET (Market Open) in your inbox and you can unsubscribe any time.