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Abitibi Metals Files Final Short Form Prospectus in Connection with Bought Deal Public Offering of Common Shares and Flow-Through Shares
Final Short Form Prospectus is Accessible on SEDAR+ April 8, 2025 – Vancouver, B.C. – TheNewswire - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (“
About this update from Abitibi Metals Corp
[{"type":"text","content":"Final Short Form Prospectus is Accessible on SEDAR+ April 8, 2025 – Vancouver, B.C. – TheNewswire - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (“Abitibi” or the “Company”) is pleased to announce that, in connection with its previously announced “bought-deal” offering (the “Offering”) led by BMO Capital Markets, as lead underwriter and sole bookrunner (the “Lead Underwriter”), together with Haywood Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Raymond James Ltd. and Stifel Nicolaus Canada Inc. (collectively, with the Lead Underwriter, the “Underwriters”), it has filed a final short form prospectus (the “Final Prospectus”) in each of the provinces of Canada to qualify the distribution of: (i) 8,928,571 common shares of the Company (the “Offered Common Shares”) at a price of $0.28 per Offered Common Share for gross proceeds of $2,499,999.88; and (ii) 16,071,429 common shares of the Company issued as “flow-through shares” (the “Flow-Through Shares” and, together with the Offered Common Shares, the \"Offered Securities\") at a price of $0.45 per Flow-Through Share for gross proceeds of $7,232,143.05, for total gross proceeds to the Company of $9,732,142.93. Closing of the Offering is expected to take place on or about April 10, 2025, or such other date as may be agreed upon by the Company and the Lead Underwriter, but in any event not later than 42 days following the date hereof (the “Closing Date”). Closing of the Offering is subject to customary closing conditions, including the receipt of all applicable regulatory approvals. The Company has granted the Underwriters an over-allotment option (the “Over-Allotment Option”), exercisable in whole or in part, at the sole discretion of the Lead Underwriter, on behalf of the Underwriters, for a period of 30 days from and including the Closing Date, to purchase up to 3,750,000 additional Offered Common Shares and/or additional Flow-Through Shares at their respective offering prices, provided that the maximum number of additional Offered Securities issued pursuant to the Over-Allotment Option does not exceed 15% of the aggregate number of Offered Securities sold under the base Offering, solely to cover over-allotments, if any, and for market stabilization purposes. The Company understands that purchasers of Flow-Through Shares under the Offering intend ...