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Osisko Development Announces Upsizing of Previously Announced "Bought Deal" LIFE Offering; Additional Concurrent Private Placement
Globenewswire· 2025-10-09 19:59
Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [2][3]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, aiming for aggregate gross proceeds of C$49,999,980 [3]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, generating gross proceeds of C$10,000,238 [3]. - The total net proceeds from both offerings are expected to be approximately C$30 million, which will be allocated to the Cariboo Gold Project and related pre-construction activities [4]. Offering Structure - The LIFE Offering includes National Flow-Through Shares and British Columbia Flow-Through Shares, with gross proceeds of C$20,003,100 and C$10,006,920 respectively [8]. - The Common Shares will also be offered at a price of C$4.78, contributing gross proceeds of C$19,989,960 [8]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is anticipated on or about October 29, 2025, subject to regulatory approvals [6]. Company Overview - Osisko Development Corp. focuses on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [13]. - The company is advancing its flagship Cariboo Gold Project and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [13].
Skeena Resources Closes C$143.8 Million Bought Deal Financing
Globenewswire· 2025-10-08 12:13
Core Points - Skeena Resources Limited has successfully closed a bought deal offering of 5,991,500 common shares at a price of C$24.00 per share, raising gross proceeds of C$143,796,000, including the full exercise of the underwriters' over-allotment option for an additional 781,500 shares [1][4] Group 1: Offering Details - The common shares are offered through a prospectus supplement to the Company's base shelf prospectus in all provinces of Canada, excluding Quebec, and also in the United States [2] - BMO Capital Markets acted as the sole bookrunner for the offering, supported by a syndicate of underwriters including UBS Securities Canada Inc., Raymond James Ltd., RBC Dominion Securities Inc., TD Securities Inc., CIBC World Markets Inc., SCP Resource Finance LP, Agentis Capital Markets, Canaccord Genuity Corp., and Desjardins Securities Inc. [3] Group 2: Use of Proceeds - The proceeds from the sale of common shares will be utilized for the continued advancement of the Eskay Creek gold-silver project and for general corporate purposes [4] Group 3: Company Overview - Skeena is a leading precious metals developer focused on advancing the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production [5] - The company is committed to sustainable mining practices and aims to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders [5]
Collective Mining Announces C$100 Million Bought Deal Financing
Globenewswire· 2025-10-01 21:01
Core Viewpoint - Collective Mining Ltd. has announced a bought deal offering of 5,270,000 common shares at C$19.00 per share, aiming for gross proceeds of approximately C$100 million, with a potential increase to C$115 million if the over-allotment option is fully exercised [1][2] Group 1: Offering Details - The offering is expected to close on or about October 8, 2025, pending necessary regulatory approvals [1] - The underwriters have an over-allotment option to purchase an additional 790,500 common shares for 30 days post-closing [1] - The common shares will be offered through a prospectus supplement and private placements in Canada, the U.S., and other jurisdictions [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund ongoing work programs at the Guayabales Project, explore other opportunities, and for general corporate purposes [2] Group 3: Company Overview - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia, and has options to acquire 100% interest in two projects within an established mining camp [7] - The flagship Guayabales Project features the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization [8] - The company is conducting its largest drilling campaign in history at the San Antonio Project, located near the Guayabales Project, to seek new discoveries [9] Group 4: Shareholder Alignment - Management, insiders, and a strategic investor own 44.5% of the outstanding shares, indicating strong alignment with shareholders [10]
Astra Exploration Announces $5 Million Bought Deal Financing with Participation from Michael Gentile and Key Shareholders
Newsfile· 2025-10-01 10:30
Core Viewpoint - Astra Exploration Inc. has announced a $5 million bought deal financing agreement to raise funds for exploration and working capital purposes [1][2]. Group 1: Financing Details - The company will issue 8,065,000 shares at a price of C$0.62 per share, resulting in gross proceeds of C$5,000,300 [1]. - Underwriters have an option to purchase an additional 3,226,000 shares at the same issue price, potentially raising an additional C$2,000,120 [2]. - The offering is expected to close on or about October 8, 2025, subject to compliance with applicable securities laws [6]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration expenditures on the La Manchuria project and for general working capital [2]. Group 3: Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [9]. - The La Manchuria project in Argentina is a high-grade gold and silver deposit located in a prolific mining area [10]. - The company also owns the Pampa Paciencia and Cerro Bayo projects in Chile, both of which are situated near major operating mines and have significant geological similarities to other successful deposits [11][12].
FireFly Metals Ltd Announces C$25.8 (~A$28.8) Million Canadian Bought Deal Financing and C$41.2 (~A$46.0) Million Australian Equity Raise
Globenewswire· 2025-06-04 20:18
Core Viewpoint - FireFly Metals Ltd has announced agreements for two significant capital raising initiatives, the Canadian Offering and the Australian Offering, aimed at funding the Green Bay Copper-Gold Project in Newfoundland, Canada. Group 1: Canadian Offering - FireFly has entered into an agreement with BMO Capital Markets to purchase 30,000,000 ordinary shares at C$0.86 (A$0.96) per share, generating gross proceeds of C$25.8 million (approximately A$28.8 million) [1] - An option has been granted to BMO Capital Markets to purchase an additional 10% of the offering for overallotments and market stabilization purposes [1] - The Canadian Offering is expected to close around June 20, 2025, pending necessary regulatory approvals [2] Group 2: Australian Offering - Concurrently, FireFly has an agreement with Canaccord Genuity to raise approximately A$46.0 million through an Australian Offering, which includes a charity flow-through placement of A$11.2 million and an institutional placement of A$29.9 million [3] - A retail share purchase plan (SPP) of up to A$5 million will also be undertaken, with the potential for oversubscriptions [3] - The Flow-Through and Placement are expected to close around June 13, 2025, with the SPP to follow [3] Group 3: Use of Proceeds - The net proceeds from both offerings will primarily fund expenditures at the Green Bay Copper-Gold Project, including underground development, resource extension, infill drilling, and exploration [4] - Additional funds will cover transaction costs and working capital [4] Group 4: Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project, which includes the Ming underground mine and Little Deer exploration project [6] - The project currently hosts a Mineral Resource of 24.4 million tonnes (Mt) of Measured and Indicated Resources at 1.9% for 460,000 tonnes (Kt) CuEq and 34.5 Mt of Inferred Resources at 2% for 690 Kt CuEq [6] - The company aims to grow its copper-gold Mineral Resource significantly, supported by a 130,000-meter diamond drilling program [6] Group 5: Additional Projects - FireFly holds a 70% interest in the Pickle Crow Gold Project, with an Inferred Resource of 11.9 Mt at 7.2 g/t for 2.8 million ounces (Moz) of gold [7] - The company also has a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia [7]