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C3 Metals Announces Upsize of Bought Deal Private Placement to C$18 Million
C3 Metals Announces Upsize of Bought Deal Private Placement to C$18 Million Can...
About this update from C3 Metals Inc.
[{"type":"text","content":"\n \n \n \n C3 Metals Announces Upsize of Bought Deal Private Placement to C$18 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TORONTO\n \n ,\n \n Oct. 21, 2021\n \n /CNW/ -\n \n C3 Metals Inc.\n \n (TSXV: CCCM) (\"C3 Metals\" or the \"Company\") is pleased to announce that it has entered into an amended agreement with a syndicate of underwriters led by Canaccord Genuity Corp., pursuant to which the underwriters have agreed to increase the size of the previously announced bought deal private placement.\n \n \n The underwriters have agreed to purchase 94,736,900 common shares (the \"\n \n Shares\n \n \") on a bought deal private placement basis (the \"\n \n Offering\n \n \"). The Shares will be sold at a price of\n \n C$0.19\n \n per Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of\n \n C$18,000,011\n \n .\n \n \n The Company has also granted the underwriters an option to cover over-allotments (the \"\n \n Underwriters' Option\n \n \"), which will allow the underwriters to purchase up to an additional 15,789,500 Shares at the Offering Price for additional gross proceeds of up to\n \n C$3,000,005\n \n . The Underwriters' Option may be exercised in whole or in part at any time prior to the closing date of the Offering.\n \n \n The Offering is expected to close on or about\n \n November 9, 2021\n \n , or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange (\"\n \n TSXV\n \n \").\n \n \n The Company has agreed to pay a cash commission of 6.0% of the gross proceeds of the Offering and will issue to the underwriters compensation warrants (the \"\n \n Compensation Warrants\n \n \") equal to 6.0% of the number of Shares sold under the Offering, other ...