ATEX Resources Announces Closing of Upsized Bought Deal Financing for Gross Proceeds of C$110 Million

Core Points - ATEX Resources Inc. has successfully closed an upsized bought deal financing of 42,262,500 units at a price of C$2.60 per unit, raising approximately C$110 million in gross proceeds [1][2] - The proceeds will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [2] - The offering was underwritten by BMO Capital Markets and Desjardins Capital Markets, with a cash fee of C$3,844,425, representing 5.00% of the gross proceeds [3] Financial Details - Each unit consists of one common share and one warrant, allowing the holder to acquire an additional common share at C$4.00 per share until November 6, 2029 [2] - Insiders of ATEX subscribed for a total of 9,500,000 units, which is considered a related party transaction [5] - The offering is subject to final acceptance by the TSX Venture Exchange and the securities issued will have a hold period of four months and one day [4] Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several notable copper-gold porphyry deposits [7] - The project hosts a significant 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 [7]