- NorthWest Copper (NWST) has closed its bought deal private placement offering for aggregate gross proceeds of $20,001,000
- The company issued 16,950,000 flow-through shares at a price of $1.18 per charity FT share
- The underwriters led by National Bank Financial, and including Haywood Securities Inc. and PI Financial Corp were paid a five per cent cash commission
- The gross proceeds from the sale of the charity FT shares will be used for exploration of the company’s properties in British Columbia
- NorthWest Copper is a diversified copper-gold explorer and developer focused on a pipeline of projects in British Columbia
- Northwest Copper Corp. (NWST) opened trading at C$0.83 per share
NorthWest Copper (NWST) has closed its previously announced bought deal private placement offering for aggregate gross proceeds of $20M.
The company issued 16,950,000 flow-through shares at a price of $1.18 per charity FT share.
“Our successful exploration program in 2021 has identified multiple new and exciting targets including East Niv and Kwanika High-Grade,” said Peter Bell, President and CEO of NorthWest.
“We are fully funded to advance exploration across our portfolio and to continue to explore for and delineate high-grade mineralization.”
The offering was carried out by a syndicate of underwriters led by National Bank Financial, and including Haywood Securities Inc. and PI Financial Corp.
The company paid to the underwriters a cash commission equal to 5.0 per cent of the gross proceeds of the offering.
The gross proceeds from the sale of the charity FT shares will be used before December 31, 2022 for the exploration of the company’s properties in British Columbia.
NorthWest Copper is a diversified copper-gold explorer and developer focused on a pipeline of projects in British Columbia.
Northwest Copper Corp. (NWST) opened trading at C$0.83 per share.