VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce that it has arranged a non-brokered private placement to raise up to $3,000,000. The placement will consist of 12,000,000 units at a price of $0.25 per unit (the “Offering”), wherein each unit will be comprised of a common share of ALLEGIANT and one half of a share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire an additional common share of ALLEGIANT at a price of $0.40 for a period of 18 months from the date of closing of the Offering.