ATEX Resources Increases Previously Announced Bought Deal Financing to C$96 Million

Core Viewpoint - ATEX Resources Inc. has announced an increase in its bought deal offering to 36,750,000 units at a price of C$2.60 per unit, aiming to raise approximately C$96 million for the exploration and development of the Valeriano Project in Chile [1][6]. Offering Details - Each unit consists of one common share and one warrant, with the warrant exercisable at C$4.00 for four years [2]. - The underwriters have an option to sell an additional 15% of the total number of securities to cover over-allotments [4]. - The offering will be conducted via private placement in Canada and may also be sold in the U.S. under certain exemptions [5]. Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and development of the Valeriano Project and for general working capital [6]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].