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Selkirk Copper Announces Upsize of Bought Deal Private Placement to $30 Million
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ...
About this update from Selkirk Copper Mines Inc.
[{"type":"text","content":"Selkirk Copper Announces Upsize of Bought Deal Private Placement to $30 Million\nNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia and PELLY CROSSING, Yukon, April 10, 2026 (GLOBE NEWSWIRE) -- Selkirk Copper Mines Inc. (TSX-V:SCMI | FRA:IO20 | OTCQB:SKRKF) (“Selkirk Copper” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (the “Lead Underwriter”) and including Haywood Securities Inc., Raymond James Ltd. and Stifel Nicolaus Canada Inc. (collectively, the “Underwriters”), to increase the size of its previously announced “bought deal” private placement to aggregate gross proceeds of $30,001,300. The Offering (as defined below) shall consist of 4,412,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (the “Flow-Through Shares”) at a price of $1.70 per Flow-Through Share (the “Flow-Through Issue Price”) for gross proceeds of $7,500,400, and 19,566,000 common shares of the Company (the “Common Shares”) at a price of $1.15 per Common Share (the “Common Share Issue Price”) for gross proceeds of $22,500,900. The Company shall grant the Underwriters an option to purchase up to an additional 4,348,000 Common Shares at the Common Share Issue Price for additional gross proceeds of up to C$5,000,200 exercisable at any time up to 48 hours prior to the closing of the Offering (the \"Underwriters’ Option\"). The Company agrees and covenants that it will incur \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\" (the \"Qualifying Expenditures\") in an aggregate amount of not less than the total amount of the gross proceeds from the sale of the Flow-Through Shares (the “Commitment Amount”) on or before December 31, 2027, and to renounce all the Qualifying Expenditures in an amount equal to the Commitment Amount in favour of the purchasers or substituted purchasers of the Flow-Through Shares effective December 31, ...