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BluMetric Announces Closing of $15 Million Brokered Offering
Ottawa, Ontario--(Newsfile Corp. - December 9, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"BluMetric Announces Closing of $15 Million Brokered OfferingOttawa, Ontario--(Newsfile Corp. - December 9, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) (\"BluMetric\" or the \"Company\"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce that the Company has closed its previously announced best-efforts brokered offering of 11,538,461 common shares of the Company (the \"Offered Shares\") at a price of $1.30 per Offered Share for aggregate gross proceeds of $14,999,999.30 (the \"Offering\"). The offering was led by Clarus Securities Inc. and Raymond James Ltd. (together, the \"Agents\"), as co-agents and co-book runners.The Offered Shares were offered in the provinces of British Columbia, Alberta, Manitoba, Ontario and New Brunswick pursuant to a prospectus supplement dated December 3, 2025 (the \"Prospectus Supplement\") to the short form base shelf prospectus of the Company dated November 18, 2025 (the \"Shelf Prospectus\"). The Offered Shares were also offered in the United States or to \"qualified institutional buyers\" pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or in such other manner as to not require registration under the U.S. Securities Act or any applicable securities laws of any state of the United States. Copies of the Shelf Prospectus and the Supplement can be found the Company's profile on SEDAR+ at www.sedarplus.ca.In consideration for the services rendered in connection with the Offering, the Company paid the Agents a cash fee equal to $899,999.96 representing 6.0% of the gross proceeds of the Offering and issued to the Agents 692,307 broker warrants (the \"Broker Warrants\") equal in number to 6.0% of the number of Offered Shares issued under the Offering. Each Broker Warrant entitles the Agent to one (1) common share of the Company at an exercise price of $1.30 for a period of 18 months from the date of closing.Proceeds from the Offering will be used to fund the cash portion of the purchase price of the previously announced acquisition of DS Consultants Ltd. (\"DS Consultants\") and for working capital and general corporate purposes.The acquisition of DS Consultants was announced December 1, 2025. Pursuant to a share purchase agreement dated December 1, 2025, the Company agreed to a...