Business
Gladiator Metals Expands Upsized Bought Deal Private Placement to Quebec
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Gladiator Metals Corp. (TSXV:...
About this update from Gladiator Metals Corp
[{"type":"text","content":"Gladiator Metals Expands Upsized Bought Deal Private Placement to QuebecVancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) (\"Gladiator\" or the \"Company\") is pleased to announce that it is expanding its previously announced upsized private placement (the \"Offering\") to include investors resident in the Province of Quebec. 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 Income Tax Act (Canada)) (the \"FT Shares\"), at a price of $1.42 per FT Share, for gross proceeds of $15,000,028, and (ii) 8,152,200 common shares of the Company (the \"HD Shares\") at a price of $0.92 per HD Share, for gross proceeds of $7,500,024, for aggregate gross proceeds to the Company of $22,500,052.The Offering is being conducted on a \"bought deal\" private placement basis, with Cormark Securities Inc. acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the \"Underwriters\").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 Income Tax Act (Canada), to incur eligible \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\" as both terms are defined in the Income Tax Act (Canada) (the \"Qualifying Expenditures\") related to the Company's projects in the Yukon Territory. 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 raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026, and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025.The Offering is expected to close on or about September 9, 2025 or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange.S...