Workflow
Bought - Deal Financing
icon
Search documents
Trident Announces $15 Million Bought-Deal Financing
Globenewswire· 2026-01-27 22:43
Core Viewpoint - Trident Resources Corp. has announced a bought-deal financing agreement to raise $15.04 million through the sale of 4 million flow-through shares at a price of $3.76 per share, aimed at funding exploration and drilling activities in its gold projects in Saskatchewan [1][3]. Group 1: Offering Details - The offering consists of 4,000,000 common shares qualifying as flow-through shares, with an option for underwriters to increase the offering by an additional 600,000 shares for up to $2.256 million in gross proceeds [1][2]. - The expected closing date for the offering is around February 18, 2026, subject to customary conditions and regulatory approvals [4]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated for exploration, mineral resource expansion, and drilling at Trident's gold projects in the La Ronge Gold Belt, classified as Canadian Exploration Expenses under the Income Tax Act [3]. Group 3: Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, including the Contact Lake and Greywacke Lake projects, which have significant gold resources [8].
Dolly Varden Silver Closes $34 Million Bought-Deal Financing
Newsfile· 2025-10-23 12:58
Core Viewpoint - Dolly Varden Silver Corporation has successfully closed a bought-deal private placement, raising a total of $33,973,000, which includes the full exercise of the over-allotment option [1] Group 1: Financial Details - The company issued 2,906,000 common shares at a price of $6.50 per share, generating gross proceeds of $18,889,000 under the LIFE Offering [6] - Additionally, 750,000 common shares qualifying as "flow-through shares" were sold at $9.42 per share, raising $7,065,000 [6] - The company also issued 990,000 common shares as "flow-through shares" at $8.10 per share, resulting in gross proceeds of $8,019,000 [6] - The underwriters received a cash fee of $1,698,650, which is 5.0% of the gross proceeds from the offerings [3] Group 2: Use of Proceeds - Net proceeds from the sale of common shares will be allocated for working capital and general corporate purposes [2] - Gross proceeds from the sale of flow-through shares will be directed towards further exploration, mineral resource expansion, and drilling at the Kitsault Valley project [2] Group 3: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Project and the Homestake Ridge Project, located in British Columbia [5] - The Kitsault Valley Project encompasses approximately 100,000 hectares of prospective tenure in the Golden Triangle, featuring five past-producing high-grade silver mines [5] - The project is considered prospective for additional precious metal deposits, being situated on the same structural and stratigraphic belts as other high-grade deposits in the region [5][7]
Dolly Varden Silver Closes $28.76 Million Bought-Deal Financing, With Participation by Eric Sprott
Newsfile· 2025-06-26 13:26
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal private placement, raising a total of $28,755,500 through the sale of common shares and flow-through shares for exploration and working capital purposes [1][3]. Group 1: Financial Details - The company sold 2,445,500 common shares at $4.60 each, generating gross proceeds of $11,249,300 [1]. - Additionally, 1,128,000 charity flow-through shares were sold at $6.65 each, raising $7,501,200 [1]. - The company also issued 1,740,000 flow-through shares at $5.75 each, resulting in gross proceeds of $10,005,000 [1]. Group 2: Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [3]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project and other mineral properties [3]. Group 3: Underwriting and Fees - The offerings were conducted under an underwriting agreement with a syndicate led by Research Capital Corporation and Raymond James Ltd., among others [2]. - The underwriters received a cash fee of $1,437,775, which is 5.0% of the gross proceeds from the offerings [4]. Group 4: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [6][7]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [6][7].
Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, With Participation by Eric Sprott
Newsfile· 2025-06-11 01:47
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal financing, raising a total of $28,755,500 through the sale of various securities, including common shares and flow-through shares [2][4]. Financing Details - The underwriters exercised their option in full for gross proceeds of $3,750,500, contributing to the total gross proceeds of $28,755,500 [2]. - The financing includes: - 2,445,500 common shares at $4.60 per share, generating $11,249,300 [2]. - 1,128,000 charity flow-through shares at $6.65 per share, raising $7,501,200 [2]. - 1,740,000 flow-through shares at $5.75 per share, yielding $10,005,000 [2]. Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [4]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [6][7]. Participation and Additional Rights - Eric Sprott, through 2176423 Ontario Ltd., has expressed intent to participate in the financing [3]. - Hecla Canada Ltd. and Fury Gold Mines Ltd. have rights to acquire common shares at $4.60 per share to maintain their equity interest [9]. Company Overview - Dolly Varden Silver Corporation focuses on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [11]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [11].
Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, with Participation by Eric Sprott
Newsfile· 2025-06-10 23:17
Core Viewpoint - Dolly Varden Silver Corporation has announced the full exercise of underwriters' option in a bought-deal financing, resulting in total gross proceeds of $28,755,500 for the company [5][6]. Group 1: Financing Details - The financing includes the sale of 2,445,500 common shares at a price of $4.60 per share, generating gross proceeds of $11,249,300 [5]. - Additionally, 1,128,000 common shares will be issued as "flow-through shares" at a price of $6.65 per share, yielding gross proceeds of $7,501,200 [5]. - Furthermore, 1,740,000 common shares will be sold as "flow-through shares" at a price of $5.75 per share, resulting in gross proceeds of $10,005,000 [5]. Group 2: Use of Proceeds - The net proceeds from the sale of common shares will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the sale of Charity FT Shares and FT Shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Group 3: Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, subject to necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5][6]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under applicable Canadian securities laws [7]. Group 4: Participation and Advisory - Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction [3]. - Eventus Capital Corp. is serving as a special advisor to the company in connection with the offerings [8]. Group 5: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Project and the Homestake Ridge Project, located in British Columbia, Canada [11]. - The project is known for its high-grade silver and gold resources and is considered prospective for further precious metal deposits [11].