Business
Meridian Mining Announces Upsize of Bought Deal Financing to $50 Million
Meridian Mining plc. (TSX: MNO) (Frankfurt: 22E) (the "Company" or "Meridian") is pleased to announce that, due to significant investor demand, it has entered into an amended agreement with Stifel Canada and BMO Capital Markets, as joint bookrunners and on behalf of a syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 31,646,000 common shares of the Company ("CommonShares") at a price of C$1.58 per Common Share
About this update from Meridian Mining Plc
[{"type":"text","content":"/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/","length":164,"tagName":"p","attribs":{}},{"type":"text","content":"The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+","length":130,"tagName":"p","attribs":{}},{"type":"text","content":"All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.","length":83,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Feb. 4, 2026 /CNW/ - Meridian Mining plc. (TSX: MNO) (Frankfurt: 22E) (the "Company" or "Meridian") is pleased to announce that, due to significant investor demand, it has entered into an amended agreement with Stifel Canada and BMO Capital Markets, as joint bookrunners and on behalf of a syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 31,646,000 common shares of the Company ("Common Shares") at a price of C$1.58 per Common Share (the "Offering Price") for gross proceeds of C$50,000,680 (the "Offering").","length":681,"tagName":"p"},{"type":"text","content":"The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 4,746,900 Common Shares (representing 15% of the number of Common Shares to be sold pursuant to the Offering) at the Offering Price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$7,500,102 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$57,500,782.","length":648,"tagName":"p"},{"type":"text","content":"The Common Shares will be offered by way of a prospectus supplement (the "Prospectus Supplement") to be filed in each of the provinces of Ontario, British Columbia and Alberta and in the United States on a private placement basis, and other jurisdictions outside of Canada and the United States provided that no prospectus filing o...