Providence Gold Mines Receives Conditional TSXV Approval for La Dama de Oro Transaction and Announces Financing
VANCOUVER — October 22, 2025 — Leads & Copy — Providence Gold Mines Inc. has received conditional approval from the TSXV for its Fundamental La Dama de Oro Reviewable Transaction. The La Dama de Oro NI 43 101 report is available on SEDAR.
The consideration payable to Mohave Gold Mining and Exploration Inc. includes 2,000,000 common shares within 15 days of regulatory approval, 2,000,000 common shares on or before the first anniversary, and 500,000 common shares on or before the second anniversary. Work commitments include $20,000 CAD within the first year, and additional $250,000 payments before the second, third, and fourth-year anniversaries.
Upon completion of the consideration, Providence will have earned a 100 percent interest in the property. Mohave Gold will retain a 2% NSR, which Providence can buy back 1% for $500,000 USD.
Providence also announced receipt of TSXV approval for completion of a first tranche of the recently announced financing for 1,604,800 Units of the Private Placement, totaling $80,240 in gross proceeds. The TSXV has granted an extension to the Private Placement until November 20, 2025.
The Private Placement, dated September 12, 2025, consists of a Unit Private Placement financing of up to $250,000. Each Unit includes one common share and one full nontransferable warrant priced at $0.05, exercisable for two years. Proceeds will be used for administration and sampling of underground workings to evaluate potential mineralization and surface exploration at the La Dama De Oro gold and silver property.
The La Dama de Oro gold property is a historical high-grade gold producer with permits for Water, Road, Environmental, Plan of Operations, and Mill Site. It is approved for a bulk sample but lacks drilling or modern scientific exploration, and has no NI 43 101 compliant resources.
The property is located in the Silver Mountain Mining District, within the Eastern California Shear Zone and the San Andreas Fault Zone. Mineralization is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system, associated with multi-phase quartz veining and hydrothermal alteration along the La Dama de Oro Fault.
According to Ronald A. Coombes, President & CEO, having permits in place provides certainty to realize opportunity to seize any robust untapped potential of the La Dama de Oro gold and silver property.
Ronald A. Coombes, President & CEO, Phone: 604 724 2369, roombesresources@gmail.com.com
Source: Providence Gold Mines Inc.
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