- A syndicate of underwriters has agreed to purchase approximately 9.6 million common shares of Adventus Mining for gross proceeds of approximately $5 million
- The offering is expected to close on or about January 18, 2023
- Adventus Mining Corporation is a copper-gold exploration and development company
- Adventus Mining Corporation (ADZN) opened trading at C$0.605
A syndicate of underwriters has agreed to purchase approximately 9.6 million common shares for gross proceeds of approximately $5 million.
Adventus Mining (ADZN) has signed an agreement with Raymond James Ltd. and National Bank Financial Inc. to act as joint bookrunners for the offering.
The company has granted the underwriters an over-allotment option, exercisable for a period of 30 days following the closing of the offering.
The offering is expected to close on or about January 18, 2023.
Net proceeds will be used for exploration activities at the Santiago Project, including drilling, as well as for working capital and general corporate purposes.
Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company.
Adventus Mining Corporation (ADZN) opened trading at C$0.605.