Abitibi Files Final Short Form Prospectus in Connection with a Bought Deal Public Offering of Common Shares and Flow-Through Shares
Newsfile·2025-12-09 22:00

Core Viewpoint - Abitibi Metals Corp. has filed a final short form prospectus for a bought deal public offering of common shares and flow-through shares, aiming to raise total gross proceeds of $14,004,000 [2][3]. Group 1: Offering Details - The offering includes 11,430,000 common shares priced at $0.35 each, generating gross proceeds of $4,000,500 [2]. - Additionally, 17,550,000 flow-through shares are offered at $0.57 each, expected to raise $10,003,500 [2]. - The closing of the offering is anticipated on or about December 16, 2025, subject to customary closing conditions and regulatory approvals [3]. Group 2: Over-Allotment Option - The company has granted the underwriters an over-allotment option to purchase up to 4,347,000 additional shares within 30 days from the closing date, not exceeding 15% of the total offered securities [4]. Group 3: Flow-Through Shares - Purchasers of flow-through shares may donate or sell these shares to registered charities or other buyers at a price of $0.35 per share, but only the original subscribers will benefit from the tax advantages associated with flow-through shares [5]. 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 [10].