Golden Tiger Company (tiger-TSXV, TGRGF(OTCQB, D150-FSE) on Wednesday said it raised $21 million from an oversubscribed private warrant offering and will use the proceeds to accelerate drilling at the company’s Quinchia Gold project in Colombia. The goal is to complete the first resource estimate towards the end of this year.
The company said it completed the issuance of 25.6 million special orders at a price of 82 cents each. The amount raised included the partial exercise of the agents’ over-allotment option. Each warrant will entitle the holder to receive one common share at a price of $1.20 for a period of 36 months after closing.
On Wednesday, shares fell 1.4%, or $0.01, to 70 cents, and traded in a 52-week range between $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 Colombia’s prolific Mid Cauca belt, in which Tiger has exercised its right to acquire a 100% project interest.
The Company said that the net proceeds from the financing described above represent its current intentions based on current conditions and expected exploration results. Actual expenditures may differ from these estimates, and the Company may reallocate funds between categories, or for other uses, as management deems appropriate based on drilling results, evolving priorities, prevailing market conditions and other factors, it said.
The company says it is led by a multi-disciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists and corporate finance professionals with a proven track record of successfully exploring, developing projects and bringing mines to production at globally recognized companies, including Anglo Gold Ashanti Limited (African Union-NYSE, the-JSE, AGG-ASX), Barrick Mining Company (Apex-TSX, for-NYSE), Yamana Gold, Detour Gold, NewGold, Pretium Resources and others.
In a press release dated April 14, 2026, Tiger Gold said drilling had begun with two platforms in the high-priority Sibal target area for the Quincia project. The company said it has expanded its planned initial exploration program from 1,500 meters to 5,000 metres. It said drilling at Sibal forms part of Tiger’s broader 20,000-metre drilling program at Quinchea.
The Sibal target area is located approximately 1 km south of the Miraflores deposit and 1.0 km southwest of the Tesoreto deposit, and coincides with a sub-circular gold-copper-molybdenum surface geochemical anomaly with an approximate area of 800 meters by 600 metres. For reference, the Tesoreto deposit hosts an open-pit inferred mineral resource of 104 million tonnes grading 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.
Previous drilling at Sibal has highlighted the potential scope of a large porphyry-style gold system. Between 2021 and 2022, a former operator completed eight HQ and NQ diameter diamond drill holes covering 5,433.76 meters in the Sibal target area across two programmes. Programs reported long intersections of porphyry-style gold mineralization in multiple holes.
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