Underwriting

IsoEnergy Completes C$23 Million Bought Deal Private Placement

Retrieved on: 
Friday, February 9, 2024
Cloud, CEE, Capital, Offering, News, Income Tax Act, Exercise, Underwriting, PI, TSX Venture Exchange, Security (finance)

IsoEnergy is also pleased to announce that it has engaged Momentum IR Corp. ("Momentum"), a Toronto-based investor relations and corporate communications firm.

Key Points: 
  • IsoEnergy is also pleased to announce that it has engaged Momentum IR Corp. ("Momentum"), a Toronto-based investor relations and corporate communications firm.
  • Momentum was previously engaged by Consolidated Uranium Inc., a wholly-owned subsidiary of the Company, and will continue to provide IsoEnergy with investor relations and advisory services.
  • Momentum is at arm's length to IsoEnergy and has no other relationship with IsoEnergy, except pursuant to the engagement.
  • The agreement and the grant of the stock options is subject to the approval of the TSX Venture Exchange.

Fission Announces $75 Million Bought Deal Financing

Retrieved on: 
Monday, February 5, 2024
Indian stock exchange, Offering, Person, Underwriting, Sale, PLS, Security (finance)

The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.

Key Points: 
  • The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.
  • The Company intends to use the net proceeds from the Offering to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.
  • The Common Shares will be issued by way of a prospectus supplement that will be filed in all provinces and territories of Canada, other than Quebec, under the Company's base shelf prospectus dated December 12, 2023.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Exro and SEA Electric Announces Concurrent C$42 Million Capital Raise Transactions

Retrieved on: 
Tuesday, January 30, 2024
Legislation, Transaction, Underwriting, Engagement, Public expenditure, Regulation D, Sale, AB, TSX, Acquisition, Offering, Person, Regulation, Exercise, News, Security (finance)

Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements of a combined company in connection with announced merger agreement between Exro and SEA Electric

Key Points: 
  • Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements of a combined company in connection with announced merger agreement between Exro and SEA Electric
    CALGARY, AB, Jan. 30, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today concurrent equity and debt financings for aggregate gross proceeds of C$42 million, comprised of an equity financing through the issuance of subscription receipts of Exro and a debt financing through arrangements by SEA from a Canadian pension fund manager (the "Debt Investor").
  • The net proceeds are expected to be used by Exro in support of the combined business of Exro and SEA pursuant to the concurrently announced agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • Concurrent with the Transaction, Exro will be raising an aggregate amount of approximately C$30 million (US$22 million) through the issuance of subscription receipts of Exro (the "Subscription Receipts"), prior to any exercise of the Underwriters' Option (as defined below).
  • In connection with the Transaction and contemporaneous with the issuance of Subscription Receipts, SEA has also entered into arrangements to receive an aggregate of US$9 million (C$12 million) of debt financing (the "Debt Financing") from the Debt Investor.

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions

Retrieved on: 
Tuesday, January 30, 2024
Mountain, Legislation, Sale, Offering, Calendar, Consideration, Growth, OEM, Special, Transaction, Underwriting, Mergers and acquisitions, Volvo, AB, Cell, Patent, LLP, Chair, Public expenditure, TSX, Acquisition, Regulation, Exercise, NOT, VWAP, Toronto Stock Exchange, Engagement, Regulation D, Person, EV, News, Reference, Security (finance)

Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements

Key Points: 
  • Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements
    CALGARY, AB, Jan. 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability.
  • SEA Electric produces the SEA-Drive propulsion technology that controls all the components that electrify a vehicle.
  • In addition, Exro will assume approximately US$46 million (C$62 million) in SEA net debt as part of the Transaction.

IsoEnergy Announces Upsize in Bought Deal Private Placement to $20 Million

Retrieved on: 
Friday, January 19, 2024
ISO, Underwriting, Issue, Offering, CEE, TSX Venture Exchange, News, Life insurance

The Company has granted the Underwriters an option to purchase for resale up to an additional 15% of the Premium FT Shares at the Issue Price (the “Over-Allotment Option”).

Key Points: 
  • The Company has granted the Underwriters an option to purchase for resale up to an additional 15% of the Premium FT Shares at the Issue Price (the “Over-Allotment Option”).
  • The Over-Allotment Option will be exercisable in whole or in part, up to 48 hours prior to the closing date of the Offering.
  • In connection with the Offering, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the Offering.
  • This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

IsoEnergy Announces C$15 Million Bought Deal Private Placement

Retrieved on: 
Thursday, January 18, 2024
ISO, Underwriting, Issue, Offering, CEE, TSX Venture Exchange, News, Life insurance

The Company has granted the Underwriters an option to purchase for resale up to an additional 15% of the Premium FT Shares at the Issue Price (the “Over-Allotment Option”).

Key Points: 
  • The Company has granted the Underwriters an option to purchase for resale up to an additional 15% of the Premium FT Shares at the Issue Price (the “Over-Allotment Option”).
  • The Over-Allotment Option will be exercisable in whole or in part, up to 48 hours prior to the closing date of the Offering.
  • In connection with the Offering, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the Offering.
  • This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Dye & Durham Announces Approximately $126 Million Bought Deal Offering of Common Shares

Retrieved on: 
Wednesday, January 17, 2024
Dye, Offerings, Person, Underwriting, Toronto Stock Exchange, DND, WIRE, Sale, TSX, Offering, NEWS, NOT, Security (finance)

The Company intends to use the net proceeds of the Offerings for the repayment of debt.

Key Points: 
  • The Company intends to use the net proceeds of the Offerings for the repayment of debt.
  • The Offering is consistent with the Company's previously stated goal to delever the business.
  • Following closing of the Offering, the Company will have made significant progress towards its target of reducing its leverage ratio to less than four times total net debt to adjusted EBITDA .
  • No securities regulatory authority has either approved or disapproved the contents of this press release.

HIVE Digital Announces Closing of $28.75 Million Bought Deal Private Placement Financing to “HODL” Our Bitcoin Production and Expand Green Mining Footprint

Retrieved on: 
Thursday, December 28, 2023
Bitcoin, Sale, NOT, CAD, News, Digital electronics, Ontario Securities Commission, Warrant, HIVE, Growth, Prospectus, Division by two, Underwriting, Offering, Exercise, Security (finance)

VANCOUVER, British Columbia, Dec. 28, 2023 (GLOBE NEWSWIRE) -- HIVE Digital Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:YO0.F) (the “Company” or “HIVE”) a leading digital asset miner and “green” focused data center builder and operator is pleased to announce that it has closed the previously announced bought-deal private placement (the “Offering”) of 5,000,000 special warrants (“Special Warrants”) at a price of CAD$5.00 per Special Warrant for aggregate gross proceeds to the Company of CAD$25,000,000, with Stifel Canada. and Canaccord Genuity Corp., acting as co-lead underwriters and joint bookrunners (together, the “Underwriters”).

Key Points: 
  • and Canaccord Genuity Corp., acting as co-lead underwriters and joint bookrunners (together, the “Underwriters”).
  • As a result, the Offering consisted of the sale of an aggregate 5,750,000 Special Warrants for aggregate gross proceeds of CAD$28,750,000.
  • The completion of the Offering will be subject to receipt of all necessary regulatory and corporate approvals or consents.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Adventus and Luminex Announce Closing of US$18 million in Equity Financings Related to the Proposed Merger

Retrieved on: 
Friday, December 8, 2023
Regulation, Private, Adventus, TSX Venture Exchange, Sale, Private placement, Transaction, Loan, Bought deal, Legislation, News, ALTIUS, Nature, Subscription business model, National bank, Underwriting, Instrument, Exercise, Offering, Security (finance)

TORONTO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus” or the “Company”) (TSXV: ADZN) and Luminex Resources Corp. (“Luminex”) (TSXV: LR) are pleased to announce that Adventus has closed its previously announced private placement of equity securities for aggregate gross proceeds of approximately US$18 million, comprised of approximately:

Key Points: 
  • The Non-Brokered Private Placement, the Bought Deal Private Placement and the Unit Non-Brokered Private Placement are collectively referred to as the “Offering’”.
  • “United States” is as defined in Regulation S under the U.S. Securities Act.
  • The Repricing remains subject to the approval of the TSXV.
  • For additional information on the Transaction, please refer to the Adventus and Luminex joint news release dated November 21, 2023.

Healwell AI Announces $8 Million Bought Deal Public Offering

Retrieved on: 
Tuesday, December 5, 2023
National instrument, Regulation, Sale, NOT, File, Person, WIRE, News, AIDX, NEWS, AI, TSX, Toronto Stock Exchange, Underwriting, Unit, Offering, Data science, Security (finance)

TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX) (OTCQX:HWAIF), a data science and AI company focused on preventative care, is pleased to announce that it has entered into an agreement pursuant to which Eight Capital, as lead underwriter and sole bookrunner, together with a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters will purchase 10,000,000 units of the Company (the “Units”), on a “bought deal” basis pursuant to the filing of a short form prospectus, at a price of $0.80 per Unit (the “Issue Price”) for gross proceeds of $8,000,000 (the “Offering”).

Key Points: 
  • Each Warrant shall entitle the holder thereof to purchase one Share at an exercise price of $1.20 for a period of three (3) years following the closing of the Offering.
  • If this over-allotment option is exercised in full, an additional $1,200,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be $9,200,000.
  • The Company intends to use the net proceeds of the Offering for growth initiatives, and general corporate and working capital purposes.
  • persons” shall have the meaning given to them in Regulation S under the U.S. Securities Act.