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Meridian Announces $15M Bought Deal Public Offering
Meridian Announces $15M Bought Deal Public Offering Canada NewsWire /NOT FOR ...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n \n \n \n Meridian Announces $15M Bought Deal Public Offering\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 U.S. NEWSWIRE SERVICES OR\n \n \n DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n LONDON, UK\n \n \n ,\n \n \n April 1, 2024\n \n \n /CNW/ -\n \n Meridian Mining UK S\n \n (TSX: MNO) (\n \n Frankfurt\n \n /Tradegate: 2MM) (\"\n \n Meridian\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce that it has entered into an agreement with Beacon Securities Limited and BMO Capital Markets (the \"\n \n Co-Lead Underwriters\n \n \"), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, with a right to arrange for substitute purchasers, 42,860,000 common shares (the \"\n \n Offered Shares\n \n \") of the Company at a price of\n \n $0.35\n \n per Offered Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of\n \n $15,001,000\n \n (the \"\n \n Offering\n \n \").\n \n \n The Company has granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an additional number of Offered Shares (the \"\n \n Additional Shares\n \n \") equal to 15% of the number of Offered Shares sold pursuant to the Offering at a price per Additional Share equal to the Issue Price to cover overallotments, if any, and for market stabilization purposes.\n \n \n The Offered Shares will be offered (i) in\n \n Canada\n \n by way of a prospectus supplement to the Company's existing short form base shelf prospectus dated\n \n February 24, 2023\n \n (the \"\n \n Base Shelf Prospectus\n \n \") to be filed on or before\n \n April 3, 2024\n \n in the Provinces of\n \n British Columbia\n \n ,\n \n Alberta\n \n and\n \n Ont...