Business
Meridian Announces Upsizing of Bought Deal Offering to $16M
Meridian Announces Upsizing of Bought Deal Offering to $16M Canada NewsWire /...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n \n \n \n Meridian Announces Upsizing of Bought Deal Offering to $16M\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 \n DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n LONDON\n \n \n ,\n \n \n April 24, 2023\n \n \n /CNW/ -\n \n Meridian Mining UK S (TSX:MNO) (\n \n Frankfurt\n \n /Tradegate:2MM) (\"Meridian\" or the \"Company\"),\n \n is pleased to announce the upsize of its previously announced bought deal public offering (the \"\n \n Offering\n \n \") of common shares (the \"\n \n Offered Shares\n \n \") in the capital of the Company. Under the amended terms of the Offering, Beacon Securities Limited and Raymond James Ltd. (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 \"), have agreed to purchase, on a bought deal basis pursuant to the filing of a prospectus supplement, an aggregate of 32,000,000 Offered Shares of the Company at a price of\n \n $0.50\n \n per Offered Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of\n \n $16,000,000\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 26, 2023\n \n in the Provinces o...