Business
NioBay Metals Announces Upsize of Brokered LIFE Offering and Concurrent Private Placement to Gross Proceeds of Up to C$7.5 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Niobay Metals Inc.
[{"type":"text","content":"NioBay Metals Announces Upsize of Brokered LIFE Offering and Concurrent Private Placement to Gross Proceeds of Up to C$7.5 Million\n\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n MONTRÉAL, Dec. 03, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (TSX-V: NBY) (“\n \n NioBay\n \n ” or the “\n \n Corporation\n \n ”), is pleased to announce that as a result of strong investor demand, the Company has increased the maximum gross proceeds of its previously announced “best efforts” private placement (the “\n \n Marketed Offering\n \n ”) from C$5,000,000 to C$7,500,000. The upsized Marketed Offering is comprised of the sale of any combination of the following:\n \n\n\n units of the Corporation (each, a \"\n \n Unit\n \n \") at a price of C$0.14 per Unit (the \"\n \n Unit Price\n \n \"), subject to the minimum sale of 7,142,858 Units for minimum gross proceeds of approximately C$1,000,000 from the sale of Units;\n \n\n flow-through units of the Corporation (each, a \"\n \n FT Unit\n \n \") at a price of C$0.16 per FT Unit; and\n \n\n flow-through units of the Corporation to be sold to charitable purchasers (each, a \"\n \n Charity FT Unit\n \n \") at a price of C$0.21 per Charity FT Unit.\n \n\n\n\n Each Unit will consist of one common share of the Corporation (a “\n \n Unit Share\n \n ”) and one common share purchase warrant (each, a “\n \n Warrant\n \n ”). Each FT Unit and Charity FT Unit will consist of one common share of the Corporation to be issued as a “flow-through share” within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (each, a “\n \n FT Share\n \n ”) and one Warrant. Each Warrant shall entitle the holder to purchase one common share of the Corporation (each, a “\n \n Warrant Share\n \n ”) at a price of C$0.20 at any time on or before that date which is 36 months after the Closing Date (as herein defined).\n \n\n Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”) is acting as sole agent and bookrunner in connection with Offering (as herein defined). The Corporation also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offerin...