Underwriting

Coelacanth Energy Announces Bought Deal Financing of C$80 Million

Retrieved on:

Monday, October 23, 2023

TSX Venture Exchange, Public expenditure, News, Warrant, Province of Canada, Offering, Transport, Prospectus, Marketing, Indian stock exchange, River, CEI, SEC Rule 144A, Underwriting, Security (finance), Rivers East Senatorial District

CALGARY, Alberta, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Coelacanth Energy Inc. (the “Company” or “Coelacanth”) (TSX-V: CEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Agreement"), led by Haywood Securities Inc., as sole bookrunner (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis: (i) 100 million units of the Company ("Units") consisting of one common share in the capital of the Company (a "Common Share") and one third (1/3) of one Common Share purchase warrants (each whole warrant, a "Warrant") at a price of $0.80 per Unit (the "Offering Price") for gross proceeds of $80 million (the "Offering"). The Warrants have an exercise price of $1.05 per Common Share and a term of 12 months from the closing date of the Offering. In connection with the Offering, the Underwriters will be entitled to a cash fee in an amount equal to 4.5% of the gross proceeds from the Offering.

Key Points:

FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
The Warrants have an exercise price of $1.05 per Common Share and a term of 12 months from the closing date of the Offering.
In connection with the Offering, the Underwriters will be entitled to a cash fee in an amount equal to 4.5% of the gross proceeds from the Offering.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.

AM Best to Participate in Artificial Intelligence-Focused Panel at ITC Vegas 2023

Retrieved on:

Wednesday, October 18, 2023

AM Best Rating Services Executive Vice President and Chief Strategy Officer Andrea Keenan will participate in an artificial intelligence (AI)-focused panel discussion at ITC Vegas 2023, the world’s largest gathering of insurance innovation, which will occur Oct. 31-Nov. 2, 2023 at Mandalay Bay in Las Vegas.

Key Points:

AM Best Rating Services Executive Vice President and Chief Strategy Officer Andrea Keenan will participate in an artificial intelligence (AI)-focused panel discussion at ITC Vegas 2023, the world’s largest gathering of insurance innovation, which will occur Oct. 31-Nov. 2, 2023 at Mandalay Bay in Las Vegas.
Keenan directs AM Best Rating Services’ strategy globally, and is responsible for the commercial, public relations, business development, industry research and corporate events teams.
AM Best is an official partner of ITC Vegas 2023.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

UGE ANNOUNCES MARKETED OFFERING OF UP TO US$5 MILLION OF PROJECT DEVELOPMENT GREEN BONDS

Retrieved on:

Tuesday, October 10, 2023

TSX Venture Exchange, Computershare, Green bond, Prospectus, The, CAD, Person, UGE International, Underwriting, UGE, Sale, News, Offering, Security (finance)

The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the "Underwriters").

Key Points:

The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the "Underwriters").
The net proceeds from the Offering (the "Proceeds") are anticipated to be used for the development of solar and energy storage projects of UGE and its subsidiaries.
Computershare Trust Company of Canada ("Computershare") will act as the trustee for the Green Bonds.
The Green Bonds to be issued pursuant to the Offering will be offered by way of a short form prospectus in the Provinces of British Columbia, Alberta and Ontario.

New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on:

Friday, September 29, 2023

Minority, Silvercorp, Underwriting, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, System, Indian stock exchange, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.

Key Points:

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on:

Friday, September 29, 2023

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023. A total of 13,208,000 common shares of the Company (the “Offered Shares”) were sold under the Offering (as defined below) at a price of C$2.65 per Offered Share (the “Issue Price”) for total gross proceeds of approximately C$35 million (the “Offering”). The Offering was co-led by Raymond James Ltd. and Eight Capital (together, the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (collectively with the Co-Lead Underwriters, the “Underwriters”), pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated September 26, 2023 (the "Underwriting Agreement").

Key Points:

Not for Distribution in the United States or to U.S. Newswire Services
VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on:

Monday, September 25, 2023

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has entered into an agreement with Raymond James Ltd. and Eight Capital (the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 13,208,000 common shares of the Company (the “Common Shares”) at a price of C$2.65 per Common Share, for total gross proceeds of approximately C$35 million (the “Offering”). The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”). The Over-Allotment Option will be exercisable for a period of 30 days following closing.

Key Points:

The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
The Over-Allotment Option will be exercisable for a period of 30 days following closing.
Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$20 Million

Retrieved on:

Tuesday, September 12, 2023

Cloud, Exercise, Indian stock exchange, TSX Venture Exchange, FUU, Income Tax Act 1967, Uranium, Athabasca Basin, Foreign Investment in Real Property Tax Act, Underwriting, Sale, Prospectus, National instrument, Offering, Income Tax Act, Wainwright Securities Inc. v. Wall Street Transcript Corp., Security (finance)

Kelowna, British Columbia--(Newsfile Corp. - September 12, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3 Uranium" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement for aggregate gross proceeds of C$20 million (the "Offering").

Key Points:

Kelowna, British Columbia--(Newsfile Corp. - September 12, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3 Uranium" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement for aggregate gross proceeds of C$20 million (the "Offering").
The Qualifying Expenditures will be renounced to the purchasers of the FT Units with an effective date no later than December 31, 2023.
The securities issued pursuant to the Offering are subject to a four-month and one day hold period ending on January 13, 2024.
The proceeds of the Offering will be used by the Company to fund exploration of the Company's projects in the Athabasca Basin in Saskatchewan.

Lycos Energy Inc. Announces Strategic Acquisition of Durham Creek Exploration Ltd. and $25 Million Equity Financing

Retrieved on:

Wednesday, September 13, 2023

CALGARY, Alberta, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") today to acquire Durham Creek Exploration Ltd. ("DCEL"), a privately-held, arm's length, heavy oil producer, by way of a plan of arrangement for total consideration, prior to adjustments, of $22.5 million (the "Acquisition"), consisting of $12.5 million in cash and 2.8 million common shares of Lycos (“Lycos Shares”) at a deemed price of $3.55 per Lycos Share.

Key Points:

Increases Tier 1 Mannville inventory (Rex, Waseca, GP and Cummings) by 77% to 55 total net locations.
Tier 1 locations have an expected payout period of less than 6 months and an NPV-10% of $5.5 million(1).
National Bank Financial Inc. is acting as exclusive financial advisor to Lycos with respect to the Acquisition.
Stikeman Elliott LLP is acting as legal counsel to Lycos with respect to the Acquisition and the Offering.

Azimut Announces $8 Million Bought Deal Private Placement Financing

Retrieved on:

Wednesday, September 13, 2023

Cloud, Exercise, FT, AEM, Section 50C of the Isle of Man Income Tax Act 1970, Critical, Hard, Underwriting, Oil Taxation Act 1975, Sale, Offering, Income Tax Act, TSX, Agnico Eagle, Wainwright Securities Inc. v. Wall Street Transcript Corp., Life insurance, Security (finance)

LONGUEUIL, Quebec, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (TSXV: AZM) (OTCQX: AZMTF) (“Azimut” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. (collectively, the “Underwriters”), in connection with a bought deal private placement financing (the “Offering”) for total proceeds of $8,000,000, consisting of 2,442,100 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Premium FT Shares”) at a price of $2.0475 per Premium FT Share, 550,600 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $1.8165 per FT Share, and 1,904,800 common shares of the Company (the “Hard Dollar Shares”) at a price of $1.05 per Hard Dollar Share (the “Hard Dollar Issue Price”).

Key Points:

The term “Offering” includes the additional Hard Dollar Shares that may be issued on the exercise of the Underwriters’ Option, if any.
The proceeds from the sale of the Hard Dollar Shares will be used for exploration and for general corporate purposes.
Closing is expected to occur on or about September 28, 2023, or other such dates as the Company and the Underwriters may agree (the “Closing Date”).
The securities have not been, and will not be, registered under the Unites States Securities Act of 1933, as amended (the “U.S.

DRI Healthcare Trust Announces C$90 Million Bought Deal Public Offering of Units

Retrieved on:

Tuesday, September 12, 2023

Unit, Treasury, NOT, FOR, Toronto Stock Exchange, Trust, Underwriting, Sale, RBC Capital Markets, Prospectus, Offering, TSX, Scotiabank, Security (finance)

TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- DRI Healthcare Trust (TSX: DHT.UN/DHT.U) (the "Trust"), a global leader in providing financing to advance innovation in the life sciences industry, announced today that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, CIBC Capital Markets and RBC Capital Markets (collectively, the “Underwriters”), pursuant to which the Trust will issue from treasury, and the Underwriters will purchase on a “bought deal” basis, 8,200,000 units (the “Units”) of the Trust, at a price of C$11.00 per Unit (the “Offering Price”) for gross proceeds of approximately C$90.2 million (the “Offering”).

Key Points:

The Trust has granted the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part, at any time for a period of 30 days from the closing of the Offering, to purchase from the Trust up to an additional 1,230,000 Units at the Offering Price, for additional gross proceeds of approximately C$13.5 million.
The Trust intends to use the net proceeds of the Offering to fund its near term pipeline of royalty transactions.
The Trust is currently in various stages of negotiations and due diligence with counterparties on several potential royalty transactions that would meet its transaction criteria.
Closing of the Offering is expected to occur on or about September 20, 2023, subject to customary conditions including the approval of applicable securities regulatory authorities and the Toronto Stock Exchange.