Tiger Gold raises $21 million from special warrant offering
Tiger Gold Corp. [TIGR-TSXV, TGRGF-OTCQB, D150-FSE] said Wednesday it has raised $21 million from an oversubscribed offering of special warrants and will use the proceeds to accelerate drilling at the company’s Quinchia Gold Project in Colombia. The aim is to complete a maiden resource estimate near the end of this year.
The company said has completed the issuance of 25.6 million special warrants priced at 82 cents each. The amount raised included the partial exercise of the agents’ over-allotment option. Each warrant entitled the holder to acquire one common share at a price of $1.20 for 36 months after closing.
On Wednesday, the shares eased 1.4% or $0.01 to 70 cents, and trade in a 52-week range of $1.00 and 50 cents.
Tiger is a growth-oriented gold exploration and mine development company with a focus on expanding its flagship asset, the Quinchia Gold Project, a multi-million-ounce gold project located in the prolific Mid Cauca belt of Colombia, where Tiger has exercised its right to acquire a 100% project interest.
The company has said the net proceeds of the financing described above represents its current intentions based on the present circumstances and anticipated exploration results. It said actual expenditures may vary from these estimates, and the company may reallocate funds among categories, or to other uses, as management deems appropriate based on drill results, evolving priorities, prevailing market conditions and other factors.
The company says it is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists and corporate finance professionals with a track record of exploration success, project advancement, and bringing mines to production at globally recognized companies, including AngloGold Ashanti Ltd. [AU-NYSE, ANG-JSE, AGG-ASX], Barrick Mining Corp. [ABX-TSX, B-NYSE], Yamana Gold, Detour Gold, NewGold, Pretium Resources and others.
In a press release on April 14, 2026, Tiger Gold said drilling had commenced with two rigs at the high-priority Ceibal target area of the Quinchia project. The company said it has expanded the planned initial exploration program from 1,500 metes to 5,000 metres. It said drilling at Ceibal forms part of Tiger’s broader 20,000-metre drill program at Quinchia.
The Ceibal target area is located approximately 1.0 kilometre south of the Miraflores deposit and 1.0 kilometre southwest of the Tesorito deposit and is coincident with a sub-circular gold-copper-molybdenum surface geochemical anomaly with an approximate footprint of 800 metres by 600 metres. For reference, the Tesorito deposit hosts an open pit inferred mineral resource of 104 million tonnes at 0.47 g/t gold or 1.57 million ounces of gold, and 0.58 g/t silver or 1.96 million ounces of silver.
Prior drilling at Ceibal highlighted the potential scale of a significant porphyry-style gold system. Between 2021 and 2022, a prior operator completed eight HQ-and NQ-diameter diamond drill holes covering 5,433.76 metres at the Ceibal target area across two programs. The programs reported long intersections of porphyry-style gold mineralization in multiple holes.