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ATEX Resources Increases Previously Announced Bought Deal Financing to C$96 Million
PROCEEDS ALLOCATED FOR EXPLORATION AND ADVANCEMENT OF VALERIANO PROJECT TORONTO, Oct. 23, 2025 (GLOBE NEWSWIRE) -- ATEX Resources Inc. (TSXV: ATX; OTCQB: ATXRF)
About this update from Atex Resources Inc.
[{"type":"text","content":" PROCEEDS ALLOCATED FOR EXPLORATION AND ADVANCEMENT OF VALERIANO PROJECT TORONTO, Oct. 23, 2025 (GLOBE NEWSWIRE) -- ATEX Resources Inc. (TSXV: ATX; OTCQB: ATXRF) (\"ATEX\" or the \"Company\") is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal of units to 36,750,000 units of the Company (the \"Units\") at a price per Unit of C$2.60 for aggregate gross proceeds to the Company of approximately C$96 million (the \"Offering\") to advance exploration and development of its Valeriano Project (\"Valeriano\" or the \"Valeriano Project\") located in Atacama Region, Chile. The Company previously entered into an agreement with BMO Capital Markets as the sole bookrunner and Desjardins Capital Markets as the co-lead on behalf of a syndicate of underwriters (collectively, the \"Underwriters”). Details of the Offering Each Unit will be comprised of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall be exercisable to acquire one Common Share (a \"Warrant Share\") at a price of C$4.00 per Warrant Share for a period of four years from the closing of the Offering. ATEX will have the right (the “Acceleration Right”), in its sole discretion, beginning 12 months from the date of close of the Offering, to accelerate the maturity date of the Warrant, upon the occurrence of the Common Share price trading on the Exchange at a VWAP above C$5.00 for 20 consecutive trading days. This right will be executed through the delivery of an acceleration notice, which shall be no earlier than 20 business days following receipt of the notice by the holder. The Underwriters will have an option (the \"Underwriters' Option\") to offer for sale up to an additional number of Units, Common Shares, Warrants or any combination thereof that in aggregate would be equal to up to 15% of the total number of securities to be issued under the Offering, to cover over-allotments. The Underwriters' Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering. The securities to be issued under the Offering will be offered by way of private placement in each of the provinces and territories of Canada, pursuant to applicable private placement exemptions under National Instrument 45-10...