South Atlantic Gold Inc., a mining exploration company based in Kelowna, Canada, has recently announced a strategic financial maneuver aimed at bolstering its operations and advancing its exploration projects. The company, listed on the TSX Venture Exchange, specializes in acquiring and developing mineral properties across the American continent. As of February 12, 2026, South Atlantic Gold Inc. reported a close price of C$0.065 per share, with a 52-week high of C$0.08 and a low of C$0.015. The company’s market capitalization stands at C$7,130,000.
In a significant development, South Atlantic Gold Inc. has announced a non-brokered private placement designed to raise up to four million Canadian dollars. This will be achieved through the issuance of common shares at a price of C$0.05 per share. The primary objective of this capital raise is to advance the company’s Pedra Branca exploration project in Brazil. Additionally, the funds will be allocated for general corporate purposes, supporting the company’s broader strategic goals.
Concurrently, South Atlantic Gold Inc. has confirmed a debt settlement arrangement. Under this arrangement, the company will settle half a million Canadian dollars of debt with a related party. This will be accomplished by issuing ten million shares at a deemed price of C$0.05 per share. The board of directors believes that this transaction will enhance the company’s working-capital position, providing a more robust financial foundation for its ongoing and future projects.
Both the private placement and the debt settlement are contingent upon approval by the TSX Venture Exchange. Following approval, these transactions will be subject to a statutory hold period before the shares can be traded. The company’s board has expressed confidence that these measures are in the best interests of South Atlantic Gold Inc. and its shareholders, aiming to strengthen the company’s financial health and support its exploration initiatives.
For further information on South Atlantic Gold Inc.’s activities and financial strategies, stakeholders are encouraged to visit the company’s website at www.southatlanticgold.com or monitor trading activities on the TSX Venture Exchange.
