Advance Gold Corp (TSXV:AAX) announced a non brokered private placement of 2,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 100,000 on January 4, 2013. Each unit will consist of one common share and one non transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at CAD 0.10 for one year from the closing of the transaction, subject to accelerated expiry in certain circumstances. As a part of the transaction, the company may pay finder's fees. The securities issued will be subject to a hold period of four months and a day from the closing date subject to the applicable securities legislation.

On January 23, 2013, the company announced that the TSX Venture Exchange accepted for filing documents with respect to the first tranche of the transaction. The company will issue 1,000,000 units in the first tranche to four placees. Alvi F. Ritchie and James T. Gillis will participate for 200,000 units each.

On January 25, 2013, the company closed the first tranche of the transaction. The company issued 1,000,000 units for proceeds of CAD 50,000. Each warrant issued as part of the tranche, entitles the holder to purchase an additional common share at a price of CAD 0.10 per share until January 25, 2014. Shares acquired by the placees are, and shares which may be acquired upon the exercise of the share purchase warrants will be, subject to a hold period until May 26, 2013, in accordance with applicable securities legislation. A director and officer of the company invested for 200,000 units in the transaction.

On March 14, 2013, the company the company announced that finder's fees in amounts is yet to be determined and may be paid to persons who introduce the company to investors.

On April 11, 2013, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The round will include participation from four investors. James T. Gillis Management, on behalf of James T. Gillis, will subscribe for 400,000 units in the transaction.