New Risk • Jul 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Announcement • Jul 09
Big Ridge Gold Corp. announced that it has received CAD 7 million in funding On July 7, 2026, Big Ridge Gold Corp closed the transaction. The company announced that it has closed its previously announced non brokered private placement of 23,333,333 units at a price of CAD 0.30 per Unit, for aggregate gross proceeds of CAD 6,999,999.9. In conjunction with the Offering, Michael Gentile has acquired 18,103,333 Units such that, upon closing of the Offering and owns approximately 19.9% of the issued and outstanding common shares of the Company on a partially diluted basis assuming full exercise of his warrants. The Offering was made by way of private placement in Canada and the securities issued under the Offering are subject to a four month hold period under applicable securities laws in Canada. Prior to the completion of the Acquisition, investor beneficially owned and controlled an aggregate of 30,511,500 Common Shares, representing approximately 10.35% of the issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Upon completion of the Offering, investor beneficially owns and controls, an aggregate of 48,614,833 Common Shares and 18,103,333 Warrants, representing approximately 15.28% of the issued and outstanding Common Shares on an undiluted basis and approximately 19.9% on a partially diluted basis. 
