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Gladiator Metals Announces C$20 Million Bought Deal Private Placement
Gladiator Metals Announces C$20 Million Bought Deal Private Placement Canada NewsWire ...
About this update from Gladiator Metals Corp
[{"type":"text","content":"\n\n\n\n Gladiator Metals Announces C$20 Million Bought Deal Private Placement\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 VANCOUVER BC\n \n\n ,\n \n\n Aug. 18, 2025\n \n\n /CNW/ -\n \n Gladiator Metals Corp.\n \n (TSXV: GLAD) (OTC: GDTRF) (Frankfurt: ZX7) (\"\n \n Gladiator\n \n \" or the \"\n \n Company\n \n \") is pleased to announced that it has entered into an agreement with Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \") in connection with a \"bought deal\" private placement of: (i) 10,563,400 common shares of the Company that will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n )) (the \"\n \n FT Shares\n \n \"), at a price of\n \n $1.42\n \n per FT Share, for gross proceeds of\n \n $15,000,028\n \n , and (ii) 5,434,800 common shares of the Company (the \"\n \n HD Shares\n \n \") at a price of\n \n $0\n \n .92 per HD Share, for gross proceeds of\n \n $5,000,016\n \n , for aggregate gross proceeds to the Company of\n \n $20,000\n \n ,044 (the \"\n \n Offering\n \n \").\n \n\n The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, pursuant to the provisions in the\n \n Income Tax Act\n \n (\n \n Canada\n \n ), to incur eligible \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\" as both terms are defined in the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Qualifying Expenditures\n \n \") related to the Company's projects in the\n \n Yukon Territory\n \n . Gladiator intends to use the net proceeds of the offered HD Shares for working capital and general corporate purposes. Qualifying Expenditures in an aggregate amount not less than the gross proceeds r...