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Scandium Canada Announces Upsize of Bought Deal LIFE Offering of Units to $15 Million
Montreal, Quebec--(Newsfile Corp. - March 4, 2026) - Scandium Canada Ltd. (TSXV: SCD) (the "Co...
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":"Scandium Canada Announces Upsize of Bought Deal LIFE Offering of Units to $15 MillionMontreal, Quebec--(Newsfile Corp. - March 4, 2026) - Scandium Canada Ltd. (TSXV: SCD) (the \"Company\") is pleased to announce that, due to strong investor demand, is has entered into an amendment agreement with Research Capital Corporation (\"RCC\"), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (together with RCC, the \"Underwriters\"), to increase the size of its previously announced bought-deal offering, pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" basis, 68,182,000 units of the Company (the \"Units\") at a price per Unit of C$0.22 (the \"Issue Price\") for aggregate gross proceeds to the Company of C$15,000,040 (the \"Offering\").Each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and one common share purchase warrant of the Company (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (a \"Warrant Share\") at a price per Warrant Share of C$0.30 for a period of 30 months from the Closing Date (as defined herein). The Company has agreed to grant the Underwriters an option (the \"Underwriters' Option\"), exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to an additional 10,227,300 Units on the same terms for additional gross proceeds of up to $2,250,006. The Offering will be completed pursuant to the terms of an underwriting agreement to be entered into among the Company and the Underwriters.The net proceeds from the sale of the Units will be used by the Company for (i) project expenditures and works on the Crater Lake project; (ii) development and pre-commercialization work on the Company's proprietary Al Sc alloys; and (iii) for general corporate and working capital purposes.The Units will be issued in reliance on the \"listed issuer financing exemption\" available under the amendments by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption to (i) National Instrument 45-106 - Prospectus Exemptions (\"National Instrument 45-106\") set forth in Part 5A thereof to purchasers resident in Canada, except Québec; (ii) Regulation 45-106 respec...