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Gladiator Metals Announces Upsize in Bought Deal Private Placement to C$22.5 Million
Gladiator Metals Announces Upsize in Bought Deal Private Placement to C$22.5 Million Ca...
About this update from Gladiator Metals Corp
[{"type":"text","content":"\n\n\n\n Gladiator Metals Announces Upsize in Bought Deal Private Placement to C$22.5 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.prntaj{\nTEXT-ALIGN: JUSTIFY\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. 19, 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 announce that in connection with its previously announced \"bought deal\" private placement, the Company and Cormark Securities Inc. on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), have agreed to increase the size of the private placement to aggregate gross proceeds of approximately\n \n $22.5 million\n \n (the \"\n \n Offering\n \n \").\n \n\n The Offering will consist of the issuance and sale 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) 8,152,200 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 $7,500,024\n \n , for aggregate gross proceeds to the Company of\n \n $22,500,052\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 p...