Onyx Arranges $15 Million Bought Deal Financing

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VANCOUVER, BC, Sept. 16, 2025 /CNW/ - Onyx Gold Corp. ("Onyx" or the "Company") (TSXV:ONYX.VN) (OTCQX:ONXGF) announces today that it has entered into an agreement with Cormark Securities Inc. (as sole bookrunner) and Canaccord Genuity Corp. to act as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the "Underwriters") in connection with a "bought deal" private placement of: (i) 4,740,000 common shares of the Company that will each qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "FT Shares"), at a price of $2.11 per FT Share, for gross proceeds of $10,001,400, and (ii) 3,333,500 common shares of the Company (the "HD Shares") at a price of $1.50 per HD Share, for gross proceeds of $5,000,250, for aggregate gross proceeds to the Company of $15,001,650 (the "Offering").