Sokoman Minerals Announces $24 Million “Bought Deal” Private Placement of Common Shares Led by Eric Sprott

Core Points - Sokoman Minerals Corp. has entered into an agreement for a "bought deal" private placement led by Canaccord Genuity Corp. [1] - The offering includes 53 million common shares at C$0.19 per share, aiming for gross proceeds of C$10.07 million, and 53 million flow-through shares at C$0.265 per share, targeting gross proceeds of C$14.05 million [8] - Eric Sprott, a major shareholder, has committed to participate in the offering [1] Offering Details - The underwriters have the option to purchase an additional 7,950,000 common shares for gross proceeds of $1,510,500 [2] - Net proceeds from the common shares will be used for property acquisitions, working capital, and general corporate purposes [3] - Gross proceeds from the flow-through shares will be allocated to incur qualifying expenditures as defined by the Tax Act [4] Tax and Regulatory Considerations - The company will incur Canadian exploration expenses that qualify as flow-through mining expenditures by December 31, 2026, with renouncement to initial purchasers by December 31, 2025 [4] - If the company fails to renounce the full amount of qualifying expenditures, it will indemnify subscribers for additional taxes incurred [5] - The offering is subject to regulatory approvals, including acceptance by the TSX Venture Exchange, and is expected to close around October 29, 2025 [6] Company Overview - Sokoman Minerals Corp. is focused on exploration along the Valentine Lake Fault zone in Newfoundland, with a primary project being the Treasure Island Gold Project [8]