{"success":true,"data":{"pressRelease":{"id":"59461","rtpr_id":"nGNX2Jg93l","ticker":"EXG","exchange":"","all_tickers":["EXG"],"title":"ExGen Announces $1,000,000 Private Placement","author":"Globe Newswire","published_at":"2026-06-09T21:15:00.102Z","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, June 09, 2026 (GLOBE NEWSWIRE) -- ExGen Resources\nInc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased to announce that it\nintends to complete a non-brokered private placement offering of up to\n10,000,000 units at a price of $0.10 per unit, for gross proceeds of up to\n$1,000,000 (the “Private Placement”). Each unit will consist of one (1)\ncommon share and half of one (1/2) common share purchase warrant. Each whole\nwarrant will entitle the holder thereof to acquire one (1) common share at a\nprice of $0.15 per share for a period of one (1) year after the closing. The\nwarrants have an acceleration provision whereby if the closing price of\nExGen’s common shares on the TSX Venture Exchange (the “TSXV”) is at\nleast $0.20 for a period of ten (10) consecutive trading days (whether or not\ntrading occurs on all such days), ExGen will have the right to accelerate the\nexpiry date of the Warrants to 30 days from the date of issuance of a news\nrelease by ExGen announcing the accelerated exercise period.\n\nExGen intends to complete the Private Placement using available ‎prospectus\nexemptions under securities laws including the accredited investor exemption\nand the ‎close friends, family and business associates exemption. Any\ninvestors interested in participating in ‎the Private Placement should\ncontact ExGen pursuant to the contact information set forth below. Closing of\nthe Private Placement is anticipated to occur on or around June 30, 2026. A\nfinder’s fee ‎of up to 6% of the gross proceeds of the Private Placement\nmay be paid in cash or ExGen common shares ‎on all or any portion of this\nPrivate Placement.‎ The net proceeds from the Private Placement will be used\nfor potential exploration on ExGen’s properties, potential future\nacquisitions and general working capital.\n\n‎It is not anticipated that any new insiders will be created, nor that any\nchange of control will occur, ‎as a result of the Private Placement. Any\nparticipation by insiders of ExGen in the Private ‎Placement will be on the\nsame terms as arm’s length investors. There is no minimum aggregate\n‎subscription amount for the Private Placement, but completion of the\nPrivate Placement is subject to ‎all regulatory approvals, including the\nTSXV acceptance. Depending on market conditions, ‎the gross proceeds of the\nPrivate Placement could be increased or decreased. All securities issued in\nconnection with the Private Placement will be subject to a hold period of four\nmonths and one day from the date of closing. ‎‎For further ‎details on\nthe Private Placement, please contact ExGen at the contact information set\nforth below.\n\nThe financing announced by ExGen’s February 12, 2026 news release will not\nbe occurring.\n\nABOUT EXGEN RESOURCES INC.\nExGen is a project accelerator that seeks to fund exploration and development\nof our projects through joint ventures and partnership agreements. This\napproach significantly reduces the technical and financial risks for ExGen,\nwhile maintaining the upside exposure to new discoveries and potential cash\nflow. ExGen intends to build a diverse portfolio of projects across\nexploration stages and various commodity groups. ExGen currently has 8\nexploration projects in Canada and the US, 4 NSR Royalties on projects in the\nGolden Triangle, BC, Canada and ExGen also holds a Silver Stream on the past\nproducing Andacollo gold mine in Chile, which is slated for a near-term\nproduction restart.\n\nFor more information on ExGen please contact:\n\nExGen Resources Inc. \nJason Tong\nChief Financial Officer\nEmail: jason@catapultgroup.ca\nCell: 604-889-7827\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Information: This news release contains certain\nforward-looking information. All statements included herein, other than\nstatements of historical fact, are forward-looking information and such\ninformation involves various risks and uncertainties. In particular, this news\nrelease contains forward-looking information in relation to: the Private\nPlacement, including, the gross proceeds of the Private Placement, the\npotential closing date of the Private Placement, the potential use of proceeds\nof the Private Placement, including potential exploration on ExGen’s\nproperties, and potential future acquisitions‎, the potential exemptions\nused for the Private Placement, any potential finder’s fee paid on the\nPrivate Placement, and the potential accelerated expiry date of the warrants;\nExGen’s business model, goals and approach as a project accelerator,\nincluding ExGen’s intention to fund projects through joint ventures and\npartnerships, and its intention to diversify its portfolios of projects across\nexploration stages and commodity groups; and the near-term production restart\nof the Andacollo gold mine in Chile. There can be no assurance that such\ninformation will prove to be accurate, and actual results and future events\ncould differ materially from those anticipated in such information. This\nforward-looking information reflects ExGen's current beliefs and is based on\ninformation currently available to ExGen and on assumptions ExGen believes are\nreasonable. These assumptions include, but are not limited to: the current\nshare price of ExGen's common shares; TSXV acceptance and market acceptance of\nthe Private Placement; ExGen’s current and initial understanding and\nanalysis of its projects; ExGen's general and administrative costs remaining\nconstant; market acceptance of ExGen's business model, goals and approach; the\navailability of potential acquisitions and prices acceptable to ExGen; and the\nfeasibility and reasonableness of conducting exploration on, and developing\nany of, ExGen’s projects. Forward-looking information is subject to known\nand unknown risks, uncertainties and other factors which may cause the actual\nresults, level of activity, performance or achievements of ExGen to be\nmaterially different from those expressed or implied by such forward-looking\ninformation. Such risks and other factors may include, but are not limited to:\nthe early stage development of ExGen and its projects; there is no certainty\nthat the ongoing work programs by ExGen or its partners will result in\nsignificant or successful ‎exploration or development of its projects, or\ndevelopment of any of its projects into a producing mine; uncertainty as to\n‎the actual results of exploration or development activities; uncertainty as\nto the availability and terms of ‎future financing on acceptable terms;\nuncertainty as to timely availability of permits and other governmental\napprovals; ExGen may not be able ‎to comply with its ongoing obligations\nregarding its projects; general business, economic, competitive, political and\nsocial uncertainties; capital market conditions and market prices for\nsecurities, junior market securities and mining exploration company\nsecurities; commodity prices, including copper, gold, silver, lithium and zinc\nprices; the actual results of current exploration and development or\noperational activities; competition; changes in project parameters as plans\ncontinue to be refined; accidents and other risks inherent in the mining\nindustry; lack of insurance; delay or failure to receive board or regulatory\napprovals; changes in legislation, including environmental legislation or\nincome tax legislation, affecting ExGen; conclusions of economic evaluations,\nif any; and lack of qualified, skilled labour or loss of key individuals. A\ndescription of other risk factors that may cause actual results to differ\nmaterially from forward-looking information can be found in ExGen's disclosure\ndocuments on the SEDAR+ website at www.sedarplus.ca. Although ExGen has\nattempted to identify important factors that could cause actual results to\ndiffer materially from those contained in forward-looking information, there\nmay be other factors that cause results not to be as anticipated, estimated or\nintended. Accordingly, readers should not place undue reliance on\nforward-looking information. ExGen does not undertake to update any\nforward-looking information except in accordance with applicable securities\nlaws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c9723016-402a-41bd-b6cf-5ee362972f2d)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2Jg93l","title":"ExGen Announces $1,000,000 Private Placement","author":"Globe Newswire","ticker":"EXG","created":"2026-06-09T21:15:00.102Z","tickers":["EXG"],"exchange":"","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, June 09, 2026 (GLOBE NEWSWIRE) -- ExGen Resources\nInc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased to announce that it\nintends to complete a non-brokered private placement offering of up to\n10,000,000 units at a price of $0.10 per unit, for gross proceeds of up to\n$1,000,000 (the “Private Placement”). Each unit will consist of one (1)\ncommon share and half of one (1/2) common share purchase warrant. Each whole\nwarrant will entitle the holder thereof to acquire one (1) common share at a\nprice of $0.15 per share for a period of one (1) year after the closing. The\nwarrants have an acceleration provision whereby if the closing price of\nExGen’s common shares on the TSX Venture Exchange (the “TSXV”) is at\nleast $0.20 for a period of ten (10) consecutive trading days (whether or not\ntrading occurs on all such days), ExGen will have the right to accelerate the\nexpiry date of the Warrants to 30 days from the date of issuance of a news\nrelease by ExGen announcing the accelerated exercise period.\n\nExGen intends to complete the Private Placement using available ‎prospectus\nexemptions under securities laws including the accredited investor exemption\nand the ‎close friends, family and business associates exemption. Any\ninvestors interested in participating in ‎the Private Placement should\ncontact ExGen pursuant to the contact information set forth below. Closing of\nthe Private Placement is anticipated to occur on or around June 30, 2026. A\nfinder’s fee ‎of up to 6% of the gross proceeds of the Private Placement\nmay be paid in cash or ExGen common shares ‎on all or any portion of this\nPrivate Placement.‎ The net proceeds from the Private Placement will be used\nfor potential exploration on ExGen’s properties, potential future\nacquisitions and general working capital.\n\n‎It is not anticipated that any new insiders will be created, nor that any\nchange of control will occur, ‎as a result of the Private Placement. Any\nparticipation by insiders of ExGen in the Private ‎Placement will be on the\nsame terms as arm’s length investors. There is no minimum aggregate\n‎subscription amount for the Private Placement, but completion of the\nPrivate Placement is subject to ‎all regulatory approvals, including the\nTSXV acceptance. Depending on market conditions, ‎the gross proceeds of the\nPrivate Placement could be increased or decreased. All securities issued in\nconnection with the Private Placement will be subject to a hold period of four\nmonths and one day from the date of closing. ‎‎For further ‎details on\nthe Private Placement, please contact ExGen at the contact information set\nforth below.\n\nThe financing announced by ExGen’s February 12, 2026 news release will not\nbe occurring.\n\nABOUT EXGEN RESOURCES INC.\nExGen is a project accelerator that seeks to fund exploration and development\nof our projects through joint ventures and partnership agreements. This\napproach significantly reduces the technical and financial risks for ExGen,\nwhile maintaining the upside exposure to new discoveries and potential cash\nflow. ExGen intends to build a diverse portfolio of projects across\nexploration stages and various commodity groups. ExGen currently has 8\nexploration projects in Canada and the US, 4 NSR Royalties on projects in the\nGolden Triangle, BC, Canada and ExGen also holds a Silver Stream on the past\nproducing Andacollo gold mine in Chile, which is slated for a near-term\nproduction restart.\n\nFor more information on ExGen please contact:\n\nExGen Resources Inc. \nJason Tong\nChief Financial Officer\nEmail: jason@catapultgroup.ca\nCell: 604-889-7827\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Information: This news release contains certain\nforward-looking information. All statements included herein, other than\nstatements of historical fact, are forward-looking information and such\ninformation involves various risks and uncertainties. In particular, this news\nrelease contains forward-looking information in relation to: the Private\nPlacement, including, the gross proceeds of the Private Placement, the\npotential closing date of the Private Placement, the potential use of proceeds\nof the Private Placement, including potential exploration on ExGen’s\nproperties, and potential future acquisitions‎, the potential exemptions\nused for the Private Placement, any potential finder’s fee paid on the\nPrivate Placement, and the potential accelerated expiry date of the warrants;\nExGen’s business model, goals and approach as a project accelerator,\nincluding ExGen’s intention to fund projects through joint ventures and\npartnerships, and its intention to diversify its portfolios of projects across\nexploration stages and commodity groups; and the near-term production restart\nof the Andacollo gold mine in Chile. There can be no assurance that such\ninformation will prove to be accurate, and actual results and future events\ncould differ materially from those anticipated in such information. This\nforward-looking information reflects ExGen's current beliefs and is based on\ninformation currently available to ExGen and on assumptions ExGen believes are\nreasonable. These assumptions include, but are not limited to: the current\nshare price of ExGen's common shares; TSXV acceptance and market acceptance of\nthe Private Placement; ExGen’s current and initial understanding and\nanalysis of its projects; ExGen's general and administrative costs remaining\nconstant; market acceptance of ExGen's business model, goals and approach; the\navailability of potential acquisitions and prices acceptable to ExGen; and the\nfeasibility and reasonableness of conducting exploration on, and developing\nany of, ExGen’s projects. Forward-looking information is subject to known\nand unknown risks, uncertainties and other factors which may cause the actual\nresults, level of activity, performance or achievements of ExGen to be\nmaterially different from those expressed or implied by such forward-looking\ninformation. Such risks and other factors may include, but are not limited to:\nthe early stage development of ExGen and its projects; there is no certainty\nthat the ongoing work programs by ExGen or its partners will result in\nsignificant or successful ‎exploration or development of its projects, or\ndevelopment of any of its projects into a producing mine; uncertainty as to\n‎the actual results of exploration or development activities; uncertainty as\nto the availability and terms of ‎future financing on acceptable terms;\nuncertainty as to timely availability of permits and other governmental\napprovals; ExGen may not be able ‎to comply with its ongoing obligations\nregarding its projects; general business, economic, competitive, political and\nsocial uncertainties; capital market conditions and market prices for\nsecurities, junior market securities and mining exploration company\nsecurities; commodity prices, including copper, gold, silver, lithium and zinc\nprices; the actual results of current exploration and development or\noperational activities; competition; changes in project parameters as plans\ncontinue to be refined; accidents and other risks inherent in the mining\nindustry; lack of insurance; delay or failure to receive board or regulatory\napprovals; changes in legislation, including environmental legislation or\nincome tax legislation, affecting ExGen; conclusions of economic evaluations,\nif any; and lack of qualified, skilled labour or loss of key individuals. A\ndescription of other risk factors that may cause actual results to differ\nmaterially from forward-looking information can be found in ExGen's disclosure\ndocuments on the SEDAR+ website at www.sedarplus.ca. Although ExGen has\nattempted to identify important factors that could cause actual results to\ndiffer materially from those contained in forward-looking information, there\nmay be other factors that cause results not to be as anticipated, estimated or\nintended. Accordingly, readers should not place undue reliance on\nforward-looking information. ExGen does not undertake to update any\nforward-looking information except in accordance with applicable securities\nlaws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c9723016-402a-41bd-b6cf-5ee362972f2d)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-09T21:15:00.133573795Z","server_sent_at_ms":1781039700133},"received_at":"2026-06-09T21:15:00.207Z","source_url":null},"analysis":{"id":"48887","press_release_id":"59461","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Previous financing announced in Feb 2026 is cancelled","Micro-cap dilution with warrants priced 50% above offering price","Use of proceeds includes 'general working capital' and 'potential future acquisitions'"],"eventType":"offering","narrative":"ExGen Resources announced a non-brokered private placement of up to 10 million units at $0.10 per unit, raising up to $1 million in gross proceeds.\n\nEach unit consists of one common share and half a warrant exercisable at $0.15 for one year, with an acceleration clause if the share price hits $0.20 for ten consecutive days.\n\nCrucially, the company stated that the financing announced in its February 12, 2026 news release will not be occurring, signaling a failure to close prior capital raises.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"ExGen cancels prior financing and raises $1M at $0.10 -- watch for dilution and execution risk."},"keyFigures":{"dealValueUsd":1000000,"offeringPrice":0.1,"sharesOffered":10000000,"customDimensions":{"finders_fee_pct":"6%","warrant_exercise_price":0.15,"warrant_exercise_trigger_price":0.2}},"quotedText":"The financing announced by ExGen’s February 12, 2026 news release will not be occurring.","namedEntities":{"people":[{"name":"Jason Tong","role":"Chief Financial Officer"}],"products":[],"companies":[{"name":"ExGen Resources Inc.","ticker":"EXG","relationship":"filer"}],"dollarAmounts":[{"amount":"$1,000,000","context":"gross proceeds of private placement"},{"amount":"$0.10","context":"price per unit"},{"amount":"$0.15","context":"warrant exercise price"},{"amount":"$0.20","context":"warrant acceleration trigger price"}]},"materialImpact":{"score":3,"reasoning":"The company is raising $1M via private placement, but explicitly cancels a previously announced financing from February 2026. This reversal signals execution risk or inability to secure better terms, which is a negative signal for a micro-cap explorer."},"tickerRelevance":{"others":[],"primary":"EXG"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"dilutive offering with failed prior raise","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"ExGen Resources announced a non-brokered private placement of up to 10 million units at $0.10 per unit, raising up to $1 million in gross proceeds.\n\nEach unit consists of one common share and half a warrant exercisable at $0.15 for one year, with an acceleration clause if the share price hits $0.20 for ten consecutive days.\n\nCrucially, the company stated that the financing announced in its February 12, 2026 news release will not be occurring, signaling a failure to close prior capital raises.","key_figures":{"dealValueUsd":1000000,"offeringPrice":0.1,"sharesOffered":10000000,"customDimensions":{"finders_fee_pct":"6%","warrant_exercise_price":0.15,"warrant_exercise_trigger_price":0.2}},"named_entities":{"people":[{"name":"Jason Tong","role":"Chief Financial Officer"}],"products":[],"companies":[{"name":"ExGen Resources Inc.","ticker":"EXG","relationship":"filer"}],"dollarAmounts":[{"amount":"$1,000,000","context":"gross proceeds of private placement"},{"amount":"$0.10","context":"price per unit"},{"amount":"$0.15","context":"warrant exercise price"},{"amount":"$0.20","context":"warrant acceleration trigger price"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-09T21:15:51.153Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"dilutive offering with failed prior raise","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative"}},"durationMs":50932,"modelName":"george-droid-qwen-72b"}}