Avid Gold secures £2.7m for exploration project portfolio

Building a portfolio through the development and production of mineral assets is the primary objective of Avid Gold Ltd. Based in London, the holding company identifies and acquires high-grade gold exploration projects through its wholly-owned subsidiary, Maritimes Gold Corp.

An estimated £2.7m in new funding was recently secured, resulting in an estimated post-money valuation of £20.7m.

The business was incorporated in March, the same month Henry William Haywood Chamberlain was appointed to the board of directors. AI-derived matches from LinkedIn suggest Chamberlain is possibly a partner at IBIS Private Equity Partners, though this remains unverified. Documentation for the round was filed in July (allotment date April).