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Trident Announces Full Exercise of Over-Allotment Option and Expected Proceeds of $18.6 Million to Fully Fund Expanded 2026 Drilling at Saskatchewan Gold Projects
Globenewswire· 2026-02-02 12:00
Core Viewpoint - Trident Resources Corp. has successfully increased its financing through a bought deal offering and a concurrent non-brokered private placement, raising a total of approximately $18.6 million to fund exploration and development of its gold projects in Saskatchewan [1][2][3][4]. Financing Details - The bought deal offering includes an over-allotment option exercised by underwriters, resulting in the purchase of an additional 600,000 flow-through shares at a price of $3.76 per share, bringing total gross proceeds to $17,296,000 [1][2]. - A concurrent non-brokered private placement will issue 348,000 flow-through shares at the same price, generating additional gross proceeds of $1,308,480 [2]. - The total gross proceeds from both offerings amount to approximately $18.6 million [2]. Use of Proceeds - Proceeds from the offerings will be allocated for exploration, mineral resource expansion, and drilling at Trident's gold projects in the La Ronge Gold Belt of Saskatchewan [3]. - The funds will qualify as Canadian Exploration Expenses and flow-through mining expenditures, which will be renounced to initial purchasers by December 31, 2026 [3]. Project Highlights - The CEO of Trident highlighted that the financing will accelerate exploration at the flagship Contact Lake Gold Project, which has shown a 100% success rate in recent drilling programs [4]. - The results from the fall drill program confirm robust gold mineralization and indicate significant upside potential for the project [4]. Closing and Regulatory Compliance - The bought deal offering is expected to close around February 18, 2026, subject to customary conditions and regulatory approvals [4]. - The offerings will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [5].
Oroco Announces Upsize of Bought Deal Financing Led by Canaccord Genuity
Globenewswire· 2026-01-07 14:36
Core Insights - Oroco Resource Corp. has increased its bought deal public offering to approximately C$20.0 million due to strong investor demand [1] - The offering will consist of 52,631,600 units priced at C$0.38 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - An over-allotment option allows underwriters to purchase an additional 7,894,740 units, potentially raising total gross proceeds to approximately C$23.0 million if fully exercised [3] Offering Details - The offering will be completed via a prospectus supplement to the Company's short form base shelf prospectus filed in all provinces of Canada, excluding Québec [4] - The units may also be offered in the United States to qualified institutional buyers and accredited investors under specific regulations [4] 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] Closing Information - The closing of the offering is expected around January 14, 2026, subject to customary closing conditions and regulatory approvals [6] Company Overview - Oroco 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] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [7][8]
Capitan Silver Announces Closing of C$23 Million Bought Deal Financing, Including Full Exercise of the Underwriters' Option
TMX Newsfile· 2025-12-17 18:43
Core Viewpoint - Capitan Silver Corp. has successfully closed a private placement offering, raising approximately C$23 million to fund exploration and working capital [1][3]. Group 1: Offering Details - The offering consisted of 11,333,250 common shares priced at C$2.03 each, resulting in gross proceeds of C$23,006,497.50 [1]. - Stifel Canada acted as the sole bookrunner and lead underwriter, with TD Securities Inc., BMO Capital Markets, and Canaccord Genuity Corp. as co-underwriters [2]. - The net proceeds will be allocated to exploration activities at the Cruz de Plata gold-silver project and for general corporate purposes [3]. Group 2: Regulatory Compliance - The common shares were issued under the "listed issuer financing exemption" as per National Instrument 45-106, allowing for no statutory hold period for most investors [4]. - Certain insiders are subject to a hold period until April 18, 2026, in accordance with TSX Venture Exchange policies [4]. - The offering was also made available in the United States and other jurisdictions under applicable laws [4]. Group 3: Financial Aspects - The company paid approximately C$1,372,473 in cash commissions to the underwriters for their services [5]. - Related parties, including insiders, participated in the offering, subscribing for a total of 1,960,000 common shares [6]. Group 4: Company Overview - Capitan Silver is focused on developing a high-grade silver system at its Cruz de Plata project in Mexico's primary silver belt [9]. - The company is led by an experienced management team that has successfully advanced multiple projects into production [9]. - Capitan Silver maintains a tight share structure, with the top three shareholders owning over 38% of the company's share capital [9].
Gold Royalty Announces Upsizing of Previously Announced Bought Deal Financing
Globenewswire· 2025-12-08 15:06
Core Points - Gold Royalty Corp. has increased its bought deal financing due to excess demand, now issuing 22,500,000 common shares at a price of US$4.00 per share, resulting in gross proceeds of US$90.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising total gross proceeds to approximately US$103.5 million [1] - The closing of the offering is expected around December 11, 2025, subject to customary closing conditions [2] Offering Details - The offering will be conducted in Canada (excluding Quebec and Nunavut) and the U.S., with a prospectus supplement filed with the SEC [3] - The offering is part of a Canadian short form base shelf prospectus dated August 2, 2024, and a registration statement on Form F-3 has been declared effective by the SEC [3] - Documents related to the offering can be accessed for free on SEDAR+ and SEC's EDGAR systems [4] Settlement and Trading - Delivery of the common shares is expected to occur on a T+3 settlement cycle, which is three business days after the prospectus supplement date [5] - Secondary market trades generally require a T+1 settlement unless otherwise agreed, impacting purchasers wishing to trade before the closing date [6] Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to invest in sustainable mining operations [8] - The company’s portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [8]
GreenLight Metals Announces Closing of $11.5 Million Bought Deal Financing
Newsfile· 2025-11-26 14:10
Core Viewpoint - GreenLight Metals Inc. has successfully closed a private placement offering, raising gross proceeds of C$11,511,500 through the issuance of 32,890,000 common shares at a price of C$0.35 per share [1][2] Group 1: Offering Details - The offering included 4,290,000 shares from the full exercise of the Underwriters' option [1] - The offering was managed by Stifel Nicolaus Canada Inc. and TD Securities Inc. as joint bookrunners and co-lead underwriters [1] - A cash commission of C$615,653.85 was paid to the Underwriters, along with the issuance of 1,544,622 non-transferable broker warrants, each exercisable into one share at C$0.35 until November 26, 2027 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for development at the Bend Project in Wisconsin, exploration on the Penokean VMS Belt, property payments, project support, and general corporate and working capital purposes [2] Group 3: Regulatory Compliance - The shares were issued under the listed issuer financing exemption, which allows for the sale without a hold period in Canada [4] - Other securities, including broker warrants, are subject to a statutory four-month hold period under Canadian securities laws [4] Group 4: Company Overview - GreenLight Metals is focused on copper-gold and gold projects in Wisconsin, particularly in the Penokean Volcanic Belt, and also has projects in Nevada [6] - The company's portfolio includes the Bend copper-gold deposit and other high-grade gold projects, emphasizing responsible exploration and local engagement [6]
Osisko Development Announces Further Upsize of Previously Announced "Bought Deal" Offering
Globenewswire· 2025-10-15 14:46
Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing from C$60 million to C$75 million due to excess demand [1][2]. Group 1: Offering Details - The offering consists of three tranches of shares under the "listed issuer financing exemption," aiming for gross proceeds of approximately C$50 million, along with an additional private placement for approximately C$10 million [2]. - Following an amendment, the size of the Concurrent Private Placement has been increased by approximately C$15 million, resulting in a total of 5,230,200 Common Shares at a price of C$4.78 per share, yielding 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]. Group 2: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, with additional projects in Utah and Mexico [6]. - The company's strategy emphasizes the development of long-life, socially and environmentally responsible mining assets while minimizing development risks [6].
Perpetua Resources Announces Upsizing of Previously Announced Bought Deal Public Offering of Common Shares
Prnewswire· 2025-06-12 14:17
Core Viewpoint - Perpetua Resources Corp. has increased its bought deal financing due to excess demand, now issuing 24,622,000 common shares at US$13.20 per share, aiming for approximately US$325 million in gross proceeds [1][2]. Group 1: Offering Details - The underwriters have an option to purchase an additional 3,693,300 common shares, which could raise total gross proceeds to approximately US$374 million if fully exercised [2]. - The offering is expected to close around June 16, 2025, subject to customary conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering and private placement will be used for the Stibnite Gold Project's equity requirements in conjunction with a US$2 billion project financing application submitted to the Export-Import Bank of the United States [3]. - Additional funds will support exploration activities, working capital, and general corporate purposes [3]. Group 3: Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [7]. - The project aims to restore an abandoned mine site and produce gold and antimony, which is critical for U.S. defense needs [7].