Business
Abitibi Metals Closes Bought Deal Public Offering of Common Shares and Flow-Through Shares
December 16, 2025 – TheNewswire - London, ON. – Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (“Abitibi” or the “Company”) is pleased to announce th
About this update from Abitibi Metals Corp
[{"type":"text","content":"December 16, 2025 – TheNewswire - London, ON. – Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (“Abitibi” or the “Company”) is pleased to announce that it has closed its previously announced bought deal public offering (the “Offering”), led by BMO Capital Markets, as sole bookrunner and lead underwriter, together with Haywood Securities Inc., as co-lead manager, ATB Securities Inc., Desjardins Securities Inc., Paradigm Capital Inc. and Stifel Nicolaus Canada Inc. (collectively, the “Underwriters”). In connection with the Offering, the Company issued an aggregate of 33,327,000 common shares of the Company (the “Common Shares”) for aggregate gross proceeds of $16,104,600, including the exercise in full of the over-allotment option granted to the Underwriters. The Offering was comprised of the issuance of (i) 13,144,500 hard-dollar Common Shares (the “Offered Common Shares”) at a price of $0.35 per Offered Common Share for gross proceeds of $4,600,575, and (ii) 20,182,500 Common Shares issued as “flow-through shares” (the “Flow-Through Shares” and, together with the Offered Common Shares, the “Offered Securities”) at a price of $0.57 per Flow-Through Share for gross proceeds of $11,504,025. The gross proceeds from the issue and sale of the Flow-Through Shares will be used to incur exploration expenses as described below for the continued advancement of the Company’s B26 Polymetallic Deposit. The net proceeds from the Offered Common Shares will be used for general corporate purposes. Each Flow-Through Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and, in respect of eligible Québec resident subscribers, section 359.1 of the Taxation Act (Québec). The gross proceeds from the issue and sale of the Flow-Through Shares will be used to incur exploration expenses that qualify as “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) and, in respect of eligible Québec resident subscribers, subsection 395(c) of the Taxation Act (Québec), and “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) for purposes of the critical mineral exploration tax credit. Such expenses will be incurred on or before December 31, 2026, and renounced to the initial subscribers of th...