Funding
GoldInxs Mining Closes Second Tranche, Total Offering Reaches $1.25 Million
By News Desk ·
Key takeaways
- GoldInxs Mining closed the second tranche of its non-brokered private placement, raising $602,783.49 in gross proceeds.
- The offering was upsized to $1.5 million and has raised $1.3 million in total across both tranches.
- Proceeds will fund exploration at the Fishpot Project in Central British Columbia and general working capital.
GoldInxs Mining Corp. closed the second tranche of its non-brokered private placement, raising $602,783.49 in gross proceeds, the company said in a GlobeNewswire release on October 19, 2026. The offering was upsized to $1.5 million due to additional investor demand.
GoldInxs Mining's Second Tranche Details
The second tranche comprised 3,933,462 flow-through units at $0.13 per unit for $511,350.06 and 831,213 units at $0.11 per unit for $91,433.43. The first tranche raised $647,316.51, bringing total gross proceeds under the offering to $1.3 million. Each unit consists of one common share and one warrant exercisable at $0.25 for 24 months, subject to an accelerated expiry provision if the shares trade at or above $0.50 for ten consecutive days.
Proceeds will fund exploration and operations at the flagship Fishpot Project in Central British Columbia, including drilling and sampling, and general working capital. The company intends to renounce Canadian exploration expenses to flow-through subscribers with an effective date no later than December 31, 2026. Finder's fees total $59,665.34 and 458,963 finder's warrants, payable to PMB Markets Inc., Castlewood Capital Corporation, Accilent Capital Management Inc., Haywood Securities Inc., Canaccord Genuity Corp. and Ventum Financial Corp., subject to TSX-V acceptance. Canaccord Genuity Group began coverage on Pulsar Helium Inc. with a speculative buy rating and a GBX 150 price target, according to American Banking and Market News.
GoldInxs Mining's Funding and Share History
According to akta.pro company records, GoldInxs completed an initial public offering in July 2026 of 15,448,000 units at $0.10 for gross proceeds of approximately CAD $1.54 million, listing on the TSX Venture Exchange under the symbol INXS. The company's total common shares issued and outstanding following the IPO closing on July 22, 2026, were 35,135,026. A post-IPO equity round of $812,764 was recorded in September 2026.
| Event | Date | Amount |
|---|---|---|
| IPO | July 2026 | CAD $1.5 million |
| Post-IPO equity | September 2026 | $812,764 |
| First tranche | October 2026 | $647,316.51 |
| Second tranche | October 2026 | $602,783.49 |
Fishpot Exploration and Earlier Financing
GoldInxs closed the first tranche of the private placement, issuing 4,315,270 flow-through units and 784,831 units for $647,316.51 in gross proceeds, Yahoo reported in October 2026. The company is exploring its Fishpot property in Central BC, targeting Blackwater-style mineralization, and plans a 2,000-meter drill program starting in October to test continuous mineralization at depth, INN reported in October 2026. The property has only 378 meters drilled historically.
GoldInxs Mining's Next Steps
The company has made the first anniversary payment under the Fishpot option agreement dated October 16, 2025, consisting of $25,000 cash and 1,000,000 common shares to Golden Tiger Minerals Inc. GoldInxs granted 1,500,000 incentive stock options to directors, officers and consultants at $0.11 per share, subject to TSX-V acceptance. The offering remains subject to final acceptance of the TSX-V.