Versamet Royalties Closes C$22 Million Private Placement with Tether

Core Viewpoint - Versamet Royalties Corporation has successfully closed a non-brokered private placement with Tether Investments, raising approximately C$21.7 million through the issuance of 1,575,712 common shares at a price of C$13.75 per share [1][2]. Group 1: Financial Details - The private placement was executed following a bought deal public offering, resulting in a total of 105,535,324 issued and outstanding common shares for the company [2]. - Tether Investments now holds approximately 12.7% of the issued and outstanding common shares of Versamet [2]. - The net proceeds from the private placement will be allocated for repaying debt, funding future acquisitions, and general corporate purposes [2]. Group 2: Company Overview - Versamet Royalties Corporation is an emerging mid-tier precious metals royalty and streaming company focused on creating long-term per share value for its shareholders through the acquisition of high-quality assets [3]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol "VMET" [3].