Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. Announce Upsize of Previously Announced Financing to $37.5 Million

Core Viewpoint - Evolve Strategic Element Royalties Inc. has increased its private placement offering to approximately $37.5 million due to strong investor demand, up from the initial $20 million [1][2]. Group 1: Evolve Offering Details - The Evolve Offering is being managed by a syndicate of agents led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. [2] - The net proceeds from the Offering will be used for new growth investments, working capital, and general corporate purposes related to the business combination of Voyageur and Evolve [3]. - The completion of the Offering is subject to various closing conditions, including shareholder approval and conditional approval from the Canadian Securities Exchange [3][10]. Group 2: Corporate Agreements and Amendments - Voyageur has agreed to increase the break fee by $262,500 if its board changes its recommendation regarding the business combination [4]. - Northfield Capital Corp., Voyageur's largest shareholder, has amended its voting support agreement to restrict termination in the context of a superior proposal unless certain value thresholds are met [4]. Group 3: Company Profiles - Evolve is a private strategic metals royalty company focused on securing premium assets in the low-carbon and digital economy [5]. - Voyageur is a Canadian junior mineral exploration company with a focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, owning royalties in the Flin Flon greenstone belt [5].