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Scandium Canada Announces Closing of $17.3 Million Bought Deal Life Offering, Including Full Exercise of Over-Allotment Option
(TheNewswire)   March 17, 2026 – TheNewswire - MONTREAL, QUEBEC – Scan...
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":"Scandium Canada Announces Closing of $17.3 Million Bought Deal Life Offering, Including Full Exercise of Over-Allotment Option\n(TheNewswire)\n\n\n\n \n\n\nMarch 17, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium Canada Ltd.\n(TSX-V: SCD) (the “Company”) is\npleased to announce the closing of its previously announced “bought\ndeal” private offering pursuant to which the Company issued a total\nof 78,409,300 units of the Company (the “Units”) at a price\nper Unit of C$0.22 for aggregate gross proceeds to the Company of\nC$17,250,046, including the full exercise of the over-allotment option\n(the “Offering”). \n\n\n \n\n\nThe Offering was led by Research Capital Corporation,\nas lead underwriter and sole bookrunner, on behalf of a syndicate of\nunderwriters including, Red Cloud Securities Inc. (collectively, the\n“Underwriters”).\n\n\n \n\n\nEach Unit is comprised of one common share in the\ncapital of the Company and one common share purchase warrant of the\nCompany (a “Warrant”).  Each Warrant entitles the\nholder thereof to acquire one common share in the capital of the\nCompany at a price per Warrant Share of C$0.30 at any time until\nSeptember 17, 2028.\n\n\n \n\n\nThe Units were issued in reliance on the \"listed\nissuer financing exemption\" available under the amendments by\nCoordinated Blanket Order 45-935 – Exemptions from Certain Conditions of\nthe Listed Issuer Financing Exemption to (i)\nNational Instrument 45-106 – Prospectus Exemptions (“National Instrument 45-106”) set forth in Part 5A thereof to purchasers resident in\nCanada, except Québec; (ii) Regulation 45-106 respecting Prospectus\nExemptions (“Regulation 45-106”,\nand collectively with National Instrument 45-106, “NI 45-106”) set\nforth in Part 5A thereof to purchasers resident in Québec, and in\nother qualifying jurisdictions outside of Canada on a private\nplacement basis pursuant to relevant prospectus or registration\nexemptions in accordance with applicable laws, and are not subject to\na statutory hold period pursuant to applicable Canadian securities\nlaws.\n\n\n \n\n\nThe net proceeds from the sale of the Units will be\nused by the Company fo...