Cabral Gold Inc. Closes $11.5 Million Bought Deal Public Offering of Units, Including Full Exercise of Over-Allotment Option

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[{"type":"text","content":"Cabral Gold Inc. Closes $11.5 Million Bought Deal Public Offering of Units, Including Full Exercise of Over-Allotment OptionVancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal prospectus offering. The Company sold an aggregate of 21,298,000 units (the \"Units\"), which includes the exercise in full of the underwriters' over-allotment option, at a price of $0.54 per Unit for aggregate gross proceeds of $11,500,920 (the \"Offering\").Each Unit is comprised of one common share of the Company (a \"Common Share\") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.80 per Common Share until July 6, 2023, subject to the terms of a warrant indenture dated July 6, 2021 between the Company and Computershare Trust Company of Canada as warrant agent (the \"Warrant Indenture\"). A copy of the Warrant Indenture will be available under the Company's profile at www.sedar.com.The Offering was led by Cormark Securities Inc. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Stifel Nicolaus Canada Inc., Paradigm Capital Inc., and Research Capital Corporation (together, the \"Underwriters\"). In consideration for the services provided by the Underwriters in connection with the Offering, the Company paid the Underwriters a cash commission of $562,852.85 and issued to the Underwriters an aggregate of 1,042,320 underwriters' warrants (the \"Underwriters' Warrants\"). Each Underwriters' Warrant is exercisable into one Common Share at $0.54 per share until July 6, 2023.The Units issued under the Offering were offered (i) by way of a short form prospectus dated June 28, 2021 (the \"Prospectus\") filed in the provinces of British Columbia, Alberta, and Ontario, (ii) on a private placement basis in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and applicable state securities laws; and (iii) in jurisdictions outside of Canada and the United States, in each case in accordance...

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