Business
NexGold Announces C$110 Million Bought Deal Private Placement of Units and Flow Through Shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"NexGold Announces C$110 Million Bought Deal Private Placement of Units and Flow Through Shares\n\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n TORONTO, Oct. 14, 2025 (GLOBE NEWSWIRE) --\n \n NexGold Mining Corp.\n \n (\n \n TSXV: NEXG;\n \n\n OTCQX: NXGCF)\n \n (“\n \n NexGold\n \n ” or the “\n \n Company\n \n ”) announces that it has entered into an agreement with National Bank Financial Inc. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “\n \n Underwriters\n \n ”), pursuant to which the Underwriters have agreed to purchase on a bought deal private placement basis (i) 69,445,000 units of the Company (the “\n \n Units\n \n ”) at a price of C$1.44 per Unit for gross proceeds of C$100,000,800, and (ii) 6,330,000 flow through shares (the “\n \n FT Shares\n \n ”) at a price of C$1.58 per FT Share for gross proceeds of C$10,001,400 (together, the “\n \n Offering\n \n ”).\n \n\n Each Unit will be comprised of one common share of the Company and one common share purchase warrant (each, a “\n \n Warrant\n \n ”).\n \n\n Each Warrant will be exercisable to acquire one common share of the Company for a period of 24 months at an exercise price of C$1.92 from the Closing Date (as defined below). At any time following the 15-month anniversary of the Closing Date, if the closing price of the common shares on the TSX Venture Exchange (the \"\n \n TSXV\n \n \") exceeds the exercise price for 20 or more consecutive trading days, the Company may, within 10 days following such occurrence, deliver a notice to the holders thereof accelerating the expiry date of the Warrants to a date that is 30 days after the date of such notice.\n \n\n The Underwriters will also have an option, exercisable in whole or in part, at any time up to 48 hours prior to the Closing Date, to purchase up to an additional 15% of the offering size in Units (the “\n \n Underwriters’ Option\n \n ”), at the offering price of the Units.\n \n\n The net proceeds from the Units will be used to fund expenditures related to the development of the Goldboro open-pit gold project (“\n \n Goldboro Gold Project\n \n ”) and for general ...