Bought Deal Public Offering
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Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
TMX Newsfile· 2026-01-10 06:08
Core Points - Oroco Resource Corp. has announced a "bought deal" public offering, filing a prospectus supplement to qualify the distribution of 52,631,600 units at a price of C$0.38 per unit, aiming for gross proceeds of approximately C$20.0 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 offering is led by Canaccord Genuity Corp. and includes an option for underwriters to purchase an additional 7,894,740 units within 30 days of closing [3] - The expected closing date for the offering is around January 14, 2026, pending regulatory approval [4] Company Overview - Oroco holds an 87.0% interest in the Core Concessions of The Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares of surrounding mineral concessions, totaling 9,034 hectares [7] - The Santo Tomas Project is located in northwestern Mexico and is known for significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [7] - Since 2021, Oroco has conducted a drill program at Santo Tomas, totaling 48,481 meters drilled in 76 diamond drill holes [8] - The project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [9][10]
Silver47 Announces Upsize of Bought Deal Public Offering to $30 Million
TMX Newsfile· 2025-12-31 15:27
Core Viewpoint - Silver47 Exploration Corp. has announced a bought deal offering of 28,572,000 units at a price of $1.05 per unit, resulting in gross proceeds of $30,000,600 due to strong investor demand [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $1.40 for 36 months [2]. - The underwriters have an option to increase the offering size by up to 15% to cover over-allotments, potentially raising gross proceeds to $34,500,690 if fully exercised [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to accelerate and expand planned drill programs on the company's silver projects, as well as for working capital and general corporate purposes [3]. Group 3: Closing and Regulatory Approvals - The closing of the offering is expected around the week of January 12, 2026, subject to necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A prospectus supplement will be filed to provide detailed information about the offering and the company [5]. Group 4: Company Overview - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a combined resource totaling 236 million ounces of silver equivalent at an inferred grade of 334 g/t and 10 million ounces at an indicated grade of 333 g/t [8]. - The company operates in key mining jurisdictions in Alaska, Nevada, and New Mexico [8].
Silver47 Announces $20 Million Bought Deal Public Offering of Units
TMX Newsfile· 2025-12-30 21:05
Core Viewpoint - Silver47 Exploration Corp. has announced a bought deal offering to raise $20,000,400 through the sale of 19,048,000 units at a price of $1.05 per unit, which will support its silver projects and general corporate purposes [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $1.40 for 36 months [2]. - The underwriters have an over-allotment option to increase the offering size by up to 15% of the total number of units issued, exercisable within 30 days following the closing [4]. - The expected closing date for the offering is around January 12, 2026, subject to regulatory approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate and expand planned drill programs on the company's silver projects, as well as for working capital and general corporate purposes [3]. Group 3: Company Overview - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a combined resource totaling 236 million ounces of silver equivalent at an inferred grade of 334 g/t and 10 million ounces at an indicated grade of 333 g/t [8]. - The company operates in key mining jurisdictions in Alaska, Nevada, and New Mexico, aiming to become a leading high-grade silver developer [8].
Guanajuato Silver Announces Upsize of Bought Deal Public Offering to $43.5 Million
Globenewswire· 2025-10-01 13:53
Core Viewpoint - Guanajuato Silver Company Ltd. has increased its public offering from C$30 million to C$43.5 million due to strong investor demand, with the potential for total gross proceeds to reach C$50.025 million if the Underwriter Option is fully exercised [1][3]. Group 1: Offering Details - The Upsized Offering will consist of 87,000,000 units priced at C$0.50 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to acquire one common share at a price of C$0.65 for a period of 36 months following the closing date [2]. - The Underwriters have an option to purchase an additional 13,050,000 units under the same terms, exercisable within 30 days after the closing date [3]. Group 2: Use of Proceeds - The net proceeds from the Upsized Offering will be allocated for sustaining and development capital for the company's four operating mines in Mexico, as well as for working capital and general corporate purposes [4]. Group 3: Regulatory and Closing Information - The Upsized Offering is expected to close on or about October 9, 2025, pending necessary regulatory approvals, including from the TSX Venture Exchange [6]. - The offering will be made through a prospectus supplement to the company's base shelf prospectus, accessible on SEDAR+ [5][7]. Group 4: Company Overview - Guanajuato Silver is engaged in reactivating past producing silver and gold mines in central Mexico, operating four mines and three processing facilities, making it one of the fastest-growing silver producers in the region [9].
Blue Moon Metals Announces C$60 Million Bought Deal Public Offering
Globenewswire· 2025-09-24 19:24
Core Points - Blue Moon Metals Inc. has entered into a letter agreement with Scotiabank and Canaccord Genuity Corp. for a bought deal offering of 18,200,000 common shares at C$3.30 per share, totaling gross proceeds of C$60,060,000 [1] - An over-allotment option allows underwriters to purchase an additional 15% of the common shares, potentially increasing total gross proceeds to C$69,069,000 if fully exercised [2] - The offering is expected to close around October 1, 2025, pending customary closing conditions and regulatory approvals [3] Use of Proceeds - Net proceeds from the offering will be allocated to the development of the Blue Moon project in California, confirming processing solutions for mineralized material, additional exploration at Blue Moon, Nussir, and NSG projects, as well as working capital and corporate activities [4] Company Overview - Blue Moon is advancing three brownfield polymetallic projects: Nussir copper-gold-silver project and NSG copper-zinc-gold-silver project in Norway, and the Blue Moon zinc-gold-silver-copper project in the United States, all located with existing infrastructure [8]
West Red Lake Announces $30 Million Bought Deal Public Offering
Globenewswire· 2025-09-15 20:09
Core Viewpoint - West Red Lake Gold Mines Ltd. has entered into an agreement with Raymond James Ltd. for a bought deal offering, aiming to raise approximately C$30 million through the sale of common shares and charity flow-through shares [1][3]. Group 1: Offering Details - The company will issue 26,316,000 common shares at a price of $0.95 each and 3,760,000 charity flow-through shares at C$1.33 each [1]. - An over-allotment option has been granted to Raymond James to purchase up to an additional 15% of the common shares at the same issue price [2]. - The offering is expected to close on or about September 23, 2025, subject to necessary approvals [5]. Group 2: Use of Proceeds - Net proceeds from the common shares will be used to advance the Madsen Gold Mine, including ramping up operations to commercial production and expediting capital projects for higher output [3]. - Proceeds will also support growth opportunities, working capital, and general corporate purposes [3]. - Gross proceeds from the charity flow-through shares will fund qualifying Canadian exploration expenses, primarily at the Rowan Project, which includes infill drilling and environmental work for a pending Pre-Feasibility Study [3]. Group 3: Company Overview - West Red Lake Gold Mines Ltd. focuses on the Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has produced over 30 million ounces of gold [7]. - The company also owns the Rowan Property, covering 31 km and including three past-producing gold mines [7].
i-80 Gold Announces US$135 Million Bought Deal Public Offering of Units
Globenewswire· 2025-05-09 10:56
Core Viewpoint - i-80 Gold Corp. has announced a bought deal offering of 270 million units at a price of US$0.50 per unit, aiming to raise gross proceeds of US$135 million to support its development plan in Nevada and for general corporate purposes [1][4]. Group 1: Offering Details - The offering consists of 270,000,000 units, each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at US$0.70 for 30 months post-closing [2]. - An over-allotment option has been granted to underwriters for an additional 15% of the base offering, potentially raising up to US$20.25 million if exercised [3]. - The expected closing date for the offering is around May 16, 2025, subject to necessary corporate and regulatory approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering, including any additional funds from the over-allotment option, will be allocated towards growth expenditures related to i-80's new development plan in Nevada and for general corporate purposes [4]. Group 3: Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding significant gold mineral resources and advancing high-grade exploration projects [10]. - The company operates a fully permitted central processing facility and is implementing a hub-and-spoke mining and processing strategy to enhance efficiency and growth [10].