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Gladiator Metals Expands Upsized Bought Deal Private Placement to Quebec
Newsfileยท2025-08-19 23:53

Core Viewpoint - Gladiator Metals Corp. is expanding its previously announced upsized private placement to include investors in Quebec, aiming for total gross proceeds of $22,500,052 through the issuance of common shares [1][2]. Group 1: Offering Details - The Offering consists of 10,563,400 flow-through shares priced at $1.42 each, generating gross proceeds of $15,000,028, and 8,152,200 common shares priced at $0.92 each, generating gross proceeds of $7,500,024 [1]. - The Offering is being conducted on a "bought deal" basis, with Cormark Securities Inc. as the lead underwriter [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the Company's projects in the Yukon Territory [3]. - The net proceeds from the common shares will be allocated for working capital and general corporate purposes [3]. Group 3: Regulatory and Closing Information - The Offering is expected to close around September 9, 2025, subject to regulatory approvals, including conditional approval from the TSX Venture Exchange [4]. - The shares will be offered to purchasers in all Provinces of Canada, including Quebec, under the Listed Issuer Financing Exemption, which allows for immediate sale without a hold period [5].