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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].