Metallic Minerals Upsizes Private Placement to C$10 Million with 17.9M Units
MTX•Metallic Minerals increased its bought deal private placement gross proceeds to C$10.0 million from C$8.0 million. Underwriters will purchase 17,858,000 units at C$0.28 each and 12,988,000 flow-through units at C$0.385 each.
1. Bought Deal Upsizing
Metallic Minerals amended its bought deal private placement to raise gross proceeds of C$10.0 million, up from C$8.0 million. Underwriters agreed to purchase 17,858,000 units at C$0.28 each and 12,988,000 flow-through units at C$0.385 each.
2. Offering Structure and Next Steps
The amended agreement with lead underwriter Red Cloud Securities and its syndicate includes resale and substitution rights for purchasers. The private placement remains subject to regulatory approval and customary closing conditions before final settlement.
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