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Faraday Copper Announces Upsize to Previously Announced Bought Deal Financing to C$34.8 Million
Faraday Copper Announces Upsize to Previously Announced Bought Deal Financing to C$34.8 Million ...
About this update from Faraday Copper Corp
[{"type":"text","content":"\n \n \n \n Faraday Copper Announces Upsize to Previously Announced Bought Deal Financing to C$34.8 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 \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 \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 6, 2023\n \n \n /CNW/ - Faraday Copper Corp. (\"\n \n Faraday\n \n \" or the \"\n \n Company\n \n \") (TSX: FDY) (OTCQX: CPPKF) is pleased to announce that in connection with the bought deal financing announced on\n \n February 2, 2023\n \n , the Company has entered into an amending agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters that includes PI Financial Inc., TD Securities Inc. and Stifel GMP (collectively, the \"Underwriters\"), to increase the size of the previously announced bought deal financing from\n \n C$30.0 million\n \n to\n \n C$34.8 million\n \n consisting of 43,478,000 common shares of the Company (the \"Common Shares\") at a price of\n \n C$0.80\n \n per Common Share (the \"Upsized Offering\"). Fort Capital Partners acted as special advisor to the Company in relation to the bought deal financing and other strategic matters.\n \n \n The Company will grant the Underwriters an option to purchase up to an additional 6,521,700 Common Shares (the \"Over-Allotment Option Common Shares\" and together with the Common Shares, the \"Offered Securities\") to cover over-allotments, if any, and for market stabilization purposes at a price of\n \n $0.80\n \n per Over-Allotment Option Common Share for additional gross proceeds of up to\n \n C$5,217,360\n \n (the \"Over-Allotment Option\" and together with the Underwritten Offering, the \"Offering\"), exercisable in whole or in part, at any time on or prior to the date that is 30 days following the Closing Date (as defined herein). In the event that the Over-Allotment Option is fully exercised by the Underwriters, the gross proceeds from the Offering would be\n \n C$39,999,760\n \n .\n ...