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Borealis Announces Closing of C$23 Million Bought Deal Offering, Including Full Exercise of the Underwriters' Option
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Borealis Mining Company Limite...
About this update from Borealis Mining Company Limited
[{"type":"text","content":"Borealis Announces Closing of C$23 Million Bought Deal Offering, Including Full Exercise of the Underwriters' OptionVancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Borealis Mining Company Limited (TSXV: BOGO) (OTC Pink: BORMF) (FSE: L4B0) (\"Borealis\" or the \"Company\") is pleased to announce the closing of its previously announced \"bought deal\" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined below) of an aggregate of 15,341,000 common shares of the Company (the \"Common Shares\") at a price of C$1.50 per Common Share for aggregate gross proceeds of C$23,011,500 (the \"Offering\"), including full exercise of the option granted to the Underwriters (as defined below).Stifel Canada, as lead underwriter and sole bookrunner, together with Haywood Securities Inc. and Red Cloud Securities Inc. (collectively, the \"Underwriters\"), acted as underwriters pursuant to the terms of an underwriting agreement dated January 15, 2026. The net proceeds of the Offering shall be used to advance the Company's gold projects in Nevada, as well as for general working capital.In accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Common Shares were issued to purchasers resident in certain provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). Pursuant to the Listed Issuer Financing Exemption, the Common Shares issued pursuant to the Offering are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The Common Shares were also offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.In connection with the Offering, the Compan...