Bought Deal Financing
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Oroco Announces Bought Deal Financing Led by Canaccord Genuity
Globenewswire· 2026-01-07 12:04
Core Points - Oroco Resource Corp. has entered into an agreement with Canaccord Genuity Corp. for a bought deal offering of 39,474,000 units at C$0.38 per unit, aiming for gross proceeds of approximately C$15.0 million [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.53 for 36 months [2] - The underwriters have an over-allotment option to purchase an additional 5,921,100 units, potentially increasing total gross proceeds to approximately C$17.25 million if fully exercised [3] Use of Proceeds - The net proceeds from the offering will be used to fund the commencement of Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate working capital [5] Project Overview - The company holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [7] - The project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [7] - Oroco has conducted a drill program since 2021, totaling 48,481 meters drilled in 76 diamond drill holes [7][8] Logistics and Accessibility - The Santo Tomás Project is situated 170 km from the Pacific deep-water port at Topolobampo and is accessible via highway and rail [9]
Gold Royalty Announces US$70.0 Million Bought Deal Financing
Globenewswire· 2025-12-08 11:10
Core Viewpoint - Gold Royalty Corp. has announced a bought deal offering of 17,500,000 common shares at a price of US$4.00 per share, aiming to raise approximately US$70.0 million for funding an acquisition and general corporate purposes [1][3]. Group 1: Offering Details - The offering involves 17,500,000 common shares priced at US$4.00 each, totaling gross proceeds of about US$70.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising an extra US$10.5 million [2] - The closing of the offering is expected around December 11, 2025, subject to customary conditions and approvals [4] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the acquisition of a royalty on the Pedra Branca mine from BlackRock World Mining Trust plc [3] - The Pedra Branca mine is an operational copper and gold mine in Brazil, currently owned by BHP Group Limited [3] - If the acquisition does not complete, the company may redirect the proceeds for general corporate purposes or other acquisitions [4] Group 3: Regulatory and Listing Information - The offering will be made in Canada (excluding Quebec and Nunavut) and is subject to regulatory approvals [5] - The common shares will be listed on the NYSE American, contingent upon meeting all listing requirements [8] - A registration statement has been filed with the U.S. SEC, and relevant documents are accessible on SEDAR+ and EDGAR [6][5]
FireFly Metals Ltd Announces C$30 (~A$33) Million Canadian Bought Deal Financing and C$96.8 (~A$106.5) Million Australian Equity Raise
Globenewswire· 2025-12-01 22:07
Core Viewpoint - FireFly Metals Ltd has announced agreements for two significant capital raising initiatives: a Canadian Offering to raise approximately C$30 million and an Australian Offering to raise approximately A$101.5 million, aimed at advancing its mineral projects [1][3]. Canadian Offering - The Canadian Offering involves the sale of 19,230,770 ordinary shares at a price of C$1.56 (A$1.70) per share, with gross proceeds expected to be C$30 million (approximately A$33 million) [1]. - BMO Capital Markets has been engaged to manage the offering, with an option to purchase an additional 15% of the offering to cover over-allotments [1][2]. - The offering is anticipated to close around December 17, 2025, pending necessary regulatory approvals [2]. Australian Offering - Concurrently, the Australian Offering aims to raise approximately A$101.5 million, consisting of a charity flow-through placement of A$16.5 million and an institutional placement of A$85 million [3]. - A retail share purchase plan (SPP) will also be conducted, allowing eligible shareholders to subscribe for up to A$30,000 worth of shares, potentially raising an additional A$5 million [3]. Use of Proceeds - The net proceeds from both offerings and the SPP will primarily be allocated to: - Development and early works for the Green Bay Copper-Gold Project - Technical studies including mine options assessments - Underground drilling for resource growth and new discoveries - Regional exploration drilling targeting new discoveries - General administrative and working capital flexibility [4][6]. Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which currently hosts a Mineral Resource of 50.4 million tonnes at 2.0% copper equivalent, totaling 1,016,000 tonnes of copper equivalent [5][22]. - The company also holds a 70% interest in the Pickle Crow Gold Project in Ontario, with an Inferred Mineral Resource of 11.9 million tonnes at 7.2 g/t for 2.8 million ounces of gold [6][10].
Silver Tiger Announces Closing of C$40,004,000 Bought Deal Financing
Globenewswire· 2025-11-26 13:35
Core Viewpoint - Silver Tiger Metals Inc. has successfully closed a bought deal offering, raising approximately C$40 million to fund exploration and development at its El Tigre Project in Mexico [1][2]. Group 1: Offering Details - The offering consisted of 54,800,000 common shares sold at a price of C$0.73 per share, resulting in gross proceeds of approximately C$40,004,000 [1]. - The syndicate of underwriters included BMO Capital Markets and Stifel Nicolaus Canada Inc. as joint bookrunners, along with Canaccord Genuity Corp., Desjardins Securities Inc., and Ventum Financial Corp. [2]. - A cash commission of 5.5% on the gross proceeds was paid to the underwriters [2]. Group 2: Project Information - Silver Tiger's El Tigre Project is located in Sonora, Mexico, covering an area of 28,414 hectares and is 100% owned by the company [5]. - The company has drilled over 150,000 meters at the El Tigre Project since 2017, with significant drilling activity occurring since 2020 [6]. - The Preliminary Economic Assessment (PEA) for the El Tigre open pit was released in November 2023, showcasing robust economic metrics [7]. Group 3: Economic Metrics - The October 2024 Preliminary Feasibility Study (PFS) projects an After-Tax Net Present Value (NPV) of US$222 million at a 5% discount rate and an After-Tax Internal Rate of Return (IRR) of 40.0% with a payback period of 2.0 years [7]. - The project is expected to have a 10-year mine life, delivering an undiscounted After-Tax Cash Flow of US$318 million [7]. - Initial capital costs are estimated at US$86.8 million, with operating cash costs projected at US$973/oz AuEq and US$12/oz AgEq [7].
ATEX Resources Announces Closing of Upsized Bought Deal Financing for Gross Proceeds of C$110 Million
Globenewswire· 2025-11-06 15:17
Core Points - ATEX Resources Inc. has successfully closed an upsized bought deal financing of 42,262,500 units at a price of C$2.60 per unit, raising approximately C$110 million in gross proceeds [1][2] - The proceeds will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [2] - The offering was underwritten by BMO Capital Markets and Desjardins Capital Markets, with a cash fee of C$3,844,425, representing 5.00% of the gross proceeds [3] Financial Details - Each unit consists of one common share and one warrant, allowing the holder to acquire an additional common share at C$4.00 per share until November 6, 2029 [2] - Insiders of ATEX subscribed for a total of 9,500,000 units, which is considered a related party transaction [5] - The offering is subject to final acceptance by the TSX Venture Exchange and the securities issued will have a hold period of four months and one day [4] Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several notable copper-gold porphyry deposits [7] - The project hosts a significant mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [7]
ATEX Resources Increases Previously Announced Bought Deal Financing to C$96 Million
Globenewswire· 2025-10-23 13:28
Core Viewpoint - ATEX Resources Inc. has announced an increase in its bought deal offering to 36,750,000 units at a price of C$2.60 per unit, aiming to raise approximately C$96 million for the exploration and development of the Valeriano Project in Chile [1][6]. Offering Details - Each unit consists of one common share and one warrant, with the warrant exercisable at C$4.00 for four years [2]. - The underwriters have an option to sell an additional 15% of the total number of securities to cover over-allotments [4]. - The offering will be conducted via private placement in Canada and may also be sold in the U.S. under certain exemptions [5]. Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and development of the Valeriano Project and for general working capital [6]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].
ATEX Resources Announces C$85 Million Bought Deal Financing
Globenewswire· 2025-10-22 20:43
Core Viewpoint - ATEX Resources Inc. has announced a private placement offering to raise approximately C$85 million to advance the exploration and development of its Valeriano Project in Chile [1][6]. Offering Details - The offering consists of 32,700,000 units priced at C$2.60 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the purchase of one common share at C$4.00 for four years from the closing date [2]. - The offering is expected to close on or about November 6, 2025, subject to regulatory approvals [6]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [6]. Underwriters' Details - The underwriters will receive a cash fee of 5.00% of the gross proceeds, reduced to 2.00% for certain identified purchasers [7]. - An option exists for underwriters to sell up to an additional 15% of the total number of securities to cover over-allotments [4]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile and is part of a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].
Taseko Mines Limited Announces US$150 Million Bought Deal Financing
Globenewswire· 2025-10-15 20:21
Core Viewpoint - Taseko Mines Limited has announced a bought deal offering of 37,100,000 common shares at a price of US$4.05 per share, aiming to raise gross proceeds of US$150,255,000 to repay debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering is being managed by BMO Capital Markets and Canaccord Genuity Corp. as co-lead managers, with National Bank Financial Inc. as joint bookrunners [1]. - The underwriters have an option to purchase an additional 15% of the offering to cover over-allotments within 30 days of closing [1]. - The expected closing date for the offering is around October 22, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay outstanding indebtedness under the company's revolving credit facility and for general corporate and working capital purposes [2]. Group 3: Regulatory Filings - A prospectus supplement will be filed in connection with the offering, which will be accessible through SEDAR+ and EDGAR [3][4]. - The prospectus supplement will be filed with securities regulatory authorities in Canada (excluding Québec and Nunavut) and with the U.S. SEC as part of an effective registration statement [3].
Taseko Mines Limited Announces US$150 Million Bought Deal Financing
Globenewswire· 2025-10-15 20:21
Core Points - Taseko Mines Limited has announced a bought deal offering of 37,100,000 common shares at a price of US$4.05 per share, aiming for gross proceeds of US$150,255,000 [1][2] - The net proceeds from the offering will be used to repay outstanding debt under the company's revolving credit facility and for general corporate and working capital purposes [2] - The offering is expected to close on or about October 22, 2025, pending customary closing conditions and necessary approvals from the Toronto Stock Exchange and NYSE American [2][3] Offering Details - The underwriters for the offering include BMO Capital Markets, Canaccord Genuity Corp., and National Bank Financial Inc., with an option to purchase an additional 15% of the offering to cover over-allotments [1] - A prospectus supplement will be filed with securities regulatory authorities in Canada and the U.S. as part of the offering process [3][4] - The Base Shelf Prospectus and related documents will be accessible on SEDAR+ and EDGAR [4]
Osisko Development Announces Further Upsize of Previously Announced "Bought Deal" Offering
Globenewswire· 2025-10-15 14:47
Core Points - Osisko Development Corp. has increased its "bought deal" financing from C$60 million to C$75 million due to excess demand [1] - The financing includes three tranches of shares under the "listed issuer financing exemption" for gross proceeds of approximately C$50 million and an additional private placement for approximately C$10 million [2] - The Concurrent Private Placement has been increased by approximately C$15 million, totaling 5,230,200 Common Shares at a price of C$4.78 per share for gross proceeds of C$25,000,356 [3] - The closing of both the LIFE Offering and the Concurrent Private Placement is expected on or about October 29, 2025, subject to regulatory approvals [4] Company Overview - Osisko Development Corp. is focused on gold development in North America, aiming to become an intermediate gold producer by advancing its Cariboo Gold Project in British Columbia [6] - The company also has projects in Utah and Mexico, emphasizing long-life, socially and environmentally responsible mining assets while minimizing development risk [6]