Abitibi Metals Increases Previously Annouced Bought Deal Financing to C$14 Million

Core Viewpoint - Abitibi Metals Corp. has announced an increase in its previously announced bought offering to raise approximately C$14 million through the sale of charity flow-through common shares and hard dollar common shares [1][3]. Group 1: Offering Details - The offering consists of 17,550,000 charity flow-through common shares priced at C$0.57 each and 11,430,000 hard dollar common shares priced at C$0.35 each [1]. - The total gross proceeds from the offering are expected to be around C$14 million [1]. - The underwriters have an option to purchase up to an additional 15% of the offering to cover overallotments within 30 days following the closing [1]. Group 2: Use of Proceeds - Gross proceeds from the charity flow-through common shares will be allocated for the advancement of the Company's B26 Polymetallic Deposit [3]. - Net proceeds from the common shares will be used for general corporate purposes [3]. Group 3: Regulatory and Tax Information - The offering is expected to close on or about December 16, 2025, pending necessary regulatory approvals [2]. - Each charity flow-through common share qualifies as a "flow-through share" under Canadian tax law, providing tax benefits to eligible Québec resident subscribers [2]. Group 4: Company Overview - Abitibi Metals Corp. focuses on acquiring and exploring mineral properties in Quebec, emphasizing high-quality base and precious metal assets with significant growth potential [5].