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GreenLight Metals Announces $10 Million Bought Deal Financing
GreenLight Metals Announces $10 Million Bought Deal Financing Canada NewsWire /THIS...
About this update from Greenlight Metals Inc
[{"type":"text","content":"\n\n\nGreenLight Metals Announces $10 Million Bought Deal Financing\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\nCanada NewsWire\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Nov. 4, 2025 /CNW/ - GreenLight Metals Inc. (TSXV: GRL) (\"GreenLight\" or the \"Company\") announced today that it has entered into an agreement with Stifel Nicolaus Canada Inc. (\"Stifel Canada\") to act, along with TD Securities Inc., as joint bookrunners and co-lead underwriters (the \"Underwriters\"), in connection with a \"bought deal\" private placement offering of 28,600,000 common shares of the Company (\"Shares\") at a price of C$0.35 per Share (the \"Offering Price\") for gross proceeds to the Company of C$10,010,000 (the \"Offering\").\nThe Company has granted to the Underwriters an option, exercisable up to 48 hours prior to the closing date of the Offering, to purchase for resale up to an additional 15% of Shares at the Offering Price for additional gross proceeds of up to C$1,501,500.\nThe Company intends to use the net proceeds received from the Offering for development purposes at the Company's Bend Project in Wisconsin, exploration on the Penokean VMS Belt in Wisconsin, property payments, project support and general corporate and working capital purposes.\nThe Offering is expected to close on or about November 26, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the conditional approval from the TSX Venture Exchange.  \nSubject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Shares will be offered for sale to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \...