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Axo Copper Announces Closing of $40,250,000 Bought Deal Financing Including Full Exercise of the Over-allotment Option
Globenewswire· 2026-02-19 15:48
Group 1 - Axo Copper Corp. has successfully closed an upsized bought deal offering, selling 57,500,000 units at a price of $0.70 per unit, resulting in gross proceeds of $40,250,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $1.00 for 18 months [1] - The proceeds from the offering will be used to advance the La Huerta Project and San Antonio Project, as well as for working capital and general corporate purposes [1] Group 2 - The offering was led by Desjardins Capital Markets and BMO Capital Markets, with a cash commission of 6.0% on the gross proceeds paid to the underwriters [2] - The company will issue 2,363,516 common shares to Osisko Development Corp. and 1,180,575 common shares to OR Royalties International Ltd. to maintain their respective ownership interests [3] - The offering was conducted in compliance with applicable securities laws in Canada, except Québec, and is subject to final acceptance by the TSX Venture Exchange [4] Group 3 - Axo Copper Corp. is engaged in the exploration and development of the La Huerta property in Jalisco, Mexico, and the San Antonio gold property in Sonora, Mexico [7]
La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex
Globenewswire· 2025-07-07 11:00
Core Viewpoint - Boralex Inc. has successfully closed an additional corporate financing of $250 million through an unsecured subordinated loan, which will support its growth strategy and project financing [1][3]. Financing Details - The financing consists of a $250 million unsecured subordinated loan with an 8-year term, provided by La Caisse ($200 million) and Fondaction ($50 million) [1][7]. - The loan is non-amortizing, with repayment due at maturity on June 27, 2033, and interest payable semi-annually [7]. Strategic Alignment - This financing aligns with Boralex's 2030 Strategy, announced on June 17, aimed at mobilizing resources for project financing and diversifying funding sources while maintaining financial discipline [3]. - La Caisse's investment reflects its commitment to supporting Boralex's growth in renewable energy, reaffirming confidence in the company's execution capacity and international expansion [3][10]. Environmental Commitment - The investment is characterized as an impact investment, supporting the development of clean energy infrastructure with measurable environmental benefits, aligning with Fondaction's strategic objectives in combating climate change [4][12]. - La Caisse has announced a climate strategy targeting $400 billion in investments related to climate action by 2030, emphasizing the importance of decarbonization [3][11]. Company Overview - Boralex is a leader in renewable energy production in Canada and the largest independent producer of onshore wind power in France, with over 30 years of experience [8]. - The company has increased its installed capacity by more than 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [8].
AIP Realty Trust Announces Execution of Engagement Letter for AllTrades Transaction Concurrent Financing
Globenewswire· 2025-06-11 11:00
Core Viewpoint - AIP Realty Trust has engaged Desjardins Capital Markets as the sole lead agent for a financing effort aimed at raising approximately US$100 million to support its business combination with AllTrades Industrial Properties, LLC and for general working capital purposes [1][2][3] Financing Details - The financing will involve a fully marketed offering of securities, with the final terms and structure still under negotiation [1] - The net proceeds from the financing will primarily support the acquisition of six completed AllTrades Serviced Industrial Business Suites facilities [2] Strategic Importance - The engagement with Desjardins Capital Markets is viewed as a significant milestone for AIP Realty Trust, enhancing its ability to raise capital effectively [3] - The partnership is expected to leverage Desjardins' industry relationships and track record to align with AIP's vision and commitment to excellence [3] Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on a growing portfolio of AllTrades branded Service Industrial Business Suites, targeting small businesses in the U.S. [4] - The properties are designed to cater to a diverse range of small space users, offering low tenant turnover, stable cash flow, and significant growth opportunities [4] - The initial focus is on the Dallas-Fort Worth market, with plans for national rollout of the property offering [4]