Forge Resources closes $2M private placement of units

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) has closed a brokered private placement, issuing 8,000,000 units at $0.25 per unit for gross proceeds of $2,000,000, according to a press release dated September 15, 2026.

Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to purchase one additional common share at $0.40 per share for two years, expiring September 15, 2028.

Ventum Financial Corp. acted as sole agent and bookrunner for the offering. The company paid the agent a cash commission of 7.0% of the offering proceeds, along with compensation warrants equal to 7.0% of the offering. The compensation warrants allow the holder to acquire one unit at $0.25 per unit for two years, expiring September 15, 2028, and are subject to a hold period expiring four months and one day from issuance.

The units were issued under the Listed Issuer Financing Exemption and were offered in all Canadian provinces except Quebec. The securities are not subject to a statutory hold period under Canadian securities laws.

Richards Buell Sutton LLP served as legal counsel to Forge Resources, and Wildeboer Dellelce LLP served as legal counsel to the agent.

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