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Aya Gold and Silver Announces $100 Million Bought Deal Offering of Common Shares
Globenewswire· 2025-06-10 21:06
Core Viewpoint - Aya Gold & Silver Inc. has announced a bought deal offering of 7,491,000 common shares at a price of $13.35 per share, aiming to raise gross proceeds of approximately $100 million [2][3]. Group 1: Offering Details - The offering is being managed by Desjardins Capital Markets as the sole bookrunner, along with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets [2]. - An over-allotment option has been granted to the underwriters to purchase an additional 15% of the shares, which could raise an additional $15 million if fully exercised, bringing total proceeds to approximately $115 million [3]. - The closing date for the offering is scheduled for around June 19, 2025, pending necessary approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco [9]. - The company is focused on maximizing shareholder value through sustainable practices in its operations and financial growth plans [10].
TerraVest Industries Inc. Announces Increase to Previously Announced Bought Deal Offering of Common Shares From $240 Million to $279 Million
Globenewswire· 2025-05-16 13:48
Core Viewpoint - TerraVest Industries Inc. has announced an increase in its bought deal treasury offering due to strong investor demand, aiming to raise approximately $278.9 million through the sale of 1,740,000 common shares at a price of $160.30 per share [1][2]. Group 1: Offering Details - The offering consists of 1,740,000 common shares priced at $160.30 each, resulting in gross proceeds of approximately $278,922,000 [1]. - An Over-Allotment Option allows underwriters to purchase an additional 261,000 shares, potentially increasing total gross proceeds to $320,760,300 if fully exercised [2]. - The offering will be conducted via a prospectus supplement to the base shelf prospectus dated May 8, 2024, and may also be offered in the U.S. under certain exemptions [3]. Group 2: Use of Proceeds and Closing - The use of proceeds from the offering will remain consistent with previous disclosures made by the company [4]. - The closing of the offering is anticipated around May 23, 2025, pending customary regulatory approvals [4]. Group 3: Company Overview - TerraVest is a diversified industrial company that manufactures and sells products across various end-markets, including home heating products and transport vehicles for propane and natural gas liquids [8]. - The company focuses on acquiring and operating market-leading businesses, leveraging its financial and operational support [8].
TerraVest Industries Inc. Announces $240 Million Bought Deal Offering of Common Shares
Globenewswire· 2025-05-15 20:17
Core Viewpoint - TerraVest Industries Inc. has announced a bought deal offering of 1,500,000 common shares at a price of $160.30 per share, aiming for gross proceeds of approximately $240.45 million to support debt repayment and future acquisitions [2][4]. Group 1: Offering Details - The offering will be conducted by a syndicate of underwriters, including National Bank Financial Markets, Canaccord Genuity, and Desjardins Capital Markets [2]. - An over-allotment option allows underwriters to purchase an additional 225,000 shares, potentially increasing total gross proceeds to $276.52 million if fully exercised [3]. - The closing of the offering is expected around May 23, 2025, pending regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the offering will initially be allocated to repay existing debt and support general corporate activities, with future acquisitions in mind [4][5]. Group 3: Company Overview - TerraVest is a diversified industrial company focused on manufacturing and selling goods and services across various end-markets, including home heating products and energy processing equipment [11]. - The company aims to acquire and operate market-leading businesses, leveraging its financial and operational support [11].