Bought - deal financing
Search documents
Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing
Newsfile· 2025-12-04 15:35
Core Points - Americas Gold and Silver Corporation has successfully closed a bought deal private placement financing, raising US$132.25 million through the issuance of 33,062,500 common shares at US$4.00 per share [1][2][3] - The net proceeds from this financing will be utilized for the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, as well as for capital expenditures and working capital at the mine [2][3] - The company anticipates closing the acquisition soon and is fully funded for upcoming capital investments to advance Crescent towards production [3][4] Financing Details - The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, and included the full exercise of the underwriters' option [1] - Eric Sprott, the largest shareholder of the company, purchased 900,000 shares as part of the offering, which is classified as a related party transaction [4] - The shares are subject to a statutory hold period of four months and one day from the closing date [5] Operational Updates - The company plans to pause production for 21 days in December to facilitate a major upgrade at the Galena mine, which is ahead of schedule [3] - A new non-restrictive 5-year multi-metal offtake agreement has been established with Ocean Partners for the treatment of Galena's concentrates [7] - The company aims to enhance production capabilities at both Galena and Crescent, with aggressive exploration drilling planned [3][7]
Skeena Resources Limited Announces Approximately C$125 Million Bought Deal Financing
Globenewswire· 2025-10-01 20:45
Core Points - Skeena Resources Limited has entered into an agreement with underwriters to purchase 5,210,000 common shares at C$24.00 per share, raising approximately C$125 million [1][2] - The proceeds will be used for the advancement of the Eskay Creek gold-silver project and general corporate purposes [2] - The offering is expected to close around October 8, 2025, subject to regulatory approvals [3] Financial Details - The offering price is set at C$24.00 per common share, with gross proceeds expected to be approximately C$125 million [1] - The underwriters have an option to purchase an additional 15% of the offering to cover over-allotments [1] - As of September 30, the company has unaudited cash of approximately C$105 million [2] Project Development - The funds will support ongoing construction activities and permitting milestones at the Eskay Creek project [2] - There is an anticipated delay in the permitting process due to a BC government employee strike [2] - Negotiations with the Tahltan Central Government regarding the Impact Benefits Agreement are ongoing [2] Market Impact - The funding represents approximately 4.5% dilution to the company's total market capitalization [3] - The offering will provide flexibility to pursue less expensive financing alternatives compared to existing loan facilities [3] Regulatory Information - The common shares will be offered through a prospectus supplement in Canada and the United States [3] - The offering is subject to customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]
West Red Lake Gold Announces Upsize to Previously Announced Bought Deal Public Offering to $36 Million
Globenewswire· 2025-09-16 13:34
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced an increase in its bought-deal financing due to strong investor demand, now issuing 32,632,000 common shares at C$0.95 per share for gross proceeds of C$31,000,400, bringing total gross proceeds to C$36,001,200 including charity-flow through shares [1][2]. Group 1: Financing Details - The company has granted Raymond James an over-allotment option to purchase up to an additional 15% of the aggregate number of common shares at the same issue price, exercisable within 30 days from the closing of the offering [2]. - The offering includes 3,760,000 charity-flow through shares at a price of C$1.33 per share, which remains unchanged [1]. Group 2: Company Overview - West Red Lake Gold Mines Ltd. is focused on gold development and mining, particularly its flagship Madsen Gold Mine and a 47 km² land package in the Red Lake district of Ontario, which is known for its high-grade gold deposits [4]. - The Red Lake Gold District has produced over 30 million ounces of gold and hosts some of the richest gold deposits globally [4].
Koryx Copper Files Final Short Form Prospectus in Connection With $17.4 Million Bought Deal Financing
Globenewswire· 2025-07-29 23:35
Core Viewpoint - Koryx Copper Inc. has filed a final short form prospectus for a public offering of 16,563,200 common shares at C$1.05 per share, aiming for gross proceeds of C$17,391,360, with an over-allotment option exercised in full for additional proceeds of C$2,608,704 [1][2]. Group 1: Offering Details - The public offering consists of 16,563,200 common shares priced at C$1.05 each, totaling gross proceeds of C$17,391,360 [1]. - The underwriters, led by Stifel Canada, have the option to purchase an additional 2,484,480 shares, which has been fully exercised [1][2]. - The offering is subject to conditions, including the conditional approval from the TSX Venture Exchange, which has been granted [5]. Group 2: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia and holds two copper exploration licenses in Zambia [7]. - The Haib project is a significant copper/molybdenum porphyry deposit with a current mineral resource of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category [8]. - The mineralization at Haib is characterized by chalcopyrite, with extensive historical exploration and technical studies conducted since the 1970s [9][10].