Bought - deal financing
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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].