Psyence Group says GoldCoast raises CAD 5.83 million in financing tied to proposed amalgamation

Reuters03-18 15:20

Psyence Group says GoldCoast raises CAD 5.83 million in financing tied to proposed amalgamation

Psyence has a definitive amalgamation agreement with GoldCoast, dated Nov. 21, 2025 and amended Feb. 24, 2026. GoldCoast completed a brokered private placement of 6,853,840 shares at CAD 0.85 per share for gross proceeds of CAD 5.83 million. GoldCoast expects to complete a non-brokered private placement at the same price in tranches over the next several weeks. The financing satisfied a condition precedent to the proposed amalgamation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Psyence Group Inc. published the original content used to generate this news brief on March 18, 2026, and is solely responsible for the information contained therein.

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