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Two Blokes May 7 -
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Not for distribution to United States newswire services or for dissemination in the United States Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") announces today that it has entered into an agreement with Cormark Securities Inc. and and Agentis Capital Markets Limited Partnership, as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement of 5,000,000 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Tax (as defined below) (the "FT Shares") at a price of $1.00 per FT Share, for gross proceeds of $5,000,000 (the "Offering"). Concurrent with the Offering, the Company intends to complete a non-brokered private placement with a strategic investor, a large international gold mining company, of 3,490,343 common shares of the Company ("Non-FT Shares") at a price of $0.85 per Non-FT Share for aggregate gross proceeds of approximately $3,000,000 (the "Concurrent Private Placement").
