- Prime Mining Corporation (PRYM) has completed its bought deal private placement
- 9,746,250 units were sold at a price of C$2.95 for gross proceeds of approximately C$28,751,438
- Each unit consists of one common share and one half of one common share purchase warrant
- Desjardins Capital Markets acted as sole bookrunner and co-lead underwriter along with TD Securities Inc.
- Prime Mining Corp is focused on the acquisition, exploration, and development of mineral resource properties
- Prime Mining Corporation (PRYM) is up 0.615 per cent, trading at C$3.27 per share at 10:25 am ET
Prime Mining Corporation (PRYM) is pleased to announce the completion of its previously announced bought deal private placement.
A total of 9,746,250 units, including the full exercise of the over-allotment option, were sold at a price of $2.95 per unit for gross proceeds of approximately $28,751,438.
Each unit consists of one common share and one half of one common share purchase warrant exercisable at a price of $5.00 until April 27, 2024.
Desjardins Capital Markets acted as sole bookrunner and co-lead underwriter along with TD Securities Inc., on behalf of a syndicate of underwriters including Clarus Securities Inc., BMO Capital Markets, Stifel GMP, and PI Financial Corp.
Proceeds from the offering will be used for the exploration and development of the company’s Los Reyes mineral property and for general corporate purposes.
All securities issued in connection with the offering, are subject to a statutory hold period until August 28, 2021.
Prime Mining Corp is focused on the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals.
Prime Mining Corporation (PRYM) is up 0.615 per cent, trading at C$3.27 per share at 10:25 am ET.