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Sokoman Minerals Announces $24 Million "Bought Deal" Private Placement of Common Shares Led by Eric Sprott
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[{"type":"text","content":"Sokoman Minerals Announces $24 Million “Bought Deal” Private Placement of Common Shares Led by Eric Sprott\n\n\n\n\n\n Not for distribution to United States newswire services\n \n\n\n\n or for dissemination in the United States\n \n\n\n\n ST. JOHN'S, Newfoundland and Labrador, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“\n \n Sokoman\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has entered into an agreement pursuant to which Canaccord Genuity Corp., as lead underwriter, on behalf of a syndicate of Underwriters to be formed (collectively, the “\n \n Underwriters\n \n ”), in connection with a “\n \n bought deal\n \n ” private placement (the “\n \n Offering\n \n ”). The Company is also pleased to announce that it has secured the commitment of Eric Sprott, an existing major shareholder, to participate in the Offering. The Offering will consist of:\n \n\n\n 53,000,000 common shares of the Company (the “\n \n Common Shares\n \n ”) at a price of C$0.19 per Common Share (the “\n \n Common Share Offering Price\n \n ”) for aggregate gross proceeds of C$10,070,000; and\n \n\n 53,000,000 common shares of the Company (the “\n \n FT Shares\n \n ”) that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “\n \n Tax Act\n \n ”) at a price of C$0.265 per FT Share for aggregate gross proceeds of C$14,045,000. The FT Shares are being distributed on a charity flow through basis.\n \n\n\n The Underwriters will have the option exercisable, in whole or in part at any time up to 48 hours prior to the closing of the Offering, to purchase up to an additional 7,950,000 Common Shares at the Common Share Issue Price for additional gross proceeds of $1,510,500.\n \n\n The Company expects to use the net proceeds from the sale of the Common Shares for property acquisitions as well as working capital and general corporate purposes. The gross proceeds from the sale of the FT Shares will be used to incur Qualifying Expenditures (as defined below).\n \n\n The Company will use an amount equal to the aggregate gross proceeds raised from the issuance of the FT Shares to incur “Canadi...