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Moneta Gold Announces Upsize to Previously Announced Bought Deal Financing
Moneta Gold Announces Upsize to Previously Announced Bought Deal Financing Cana...
About this update from Stllr Gold Inc.
[{"type":"text","content":"\n \n \n \n Moneta Gold Announces Upsize to Previously Announced Bought Deal Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n Symbol: TSX: ME\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 29, 2022\n \n \n /CNW/ -\n \n Moneta Gold Inc.\n \n (TSX:ME) (OTCQX:MEAUF) (XETRA:MOP) (\"Moneta Gold\" or the \"Company\") is pleased to announce that it has entered into an amended agreement with Stifel GMP ( the \"\n \n Lead Underwriter\n \n \") to increase the size of the previously announced offering (the \"\n \n Offering\n \n \"). Pursuant to the amended terms of the Offering, the Lead Underwriter has agreed to purchase, on a bought deal basis, 5,000,000 common shares of the Company that qualify as \"flow through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (\n \n Canada\n \n )) (the \"\n \n Flow Through Shares\n \n \") at a price of\n \n C$2.40\n \n per Flow Through Share and 608,000 common shares (the \"\n \n Hard Dollar Shares\"\n \n ) at a price of\n \n C$1.645\n \n per Hard Dollar Share for aggregate gross proceeds of\n \n C$13,000,160\n \n . In addition, the Company has granted the Underwriters an option to purchase 1,000,000 additional Flow Through Shares on the terms described above for additional aggregate gross proceeds of up to approximately\n \n C$2,400,000\n \n , exercisable up to 48 hours prior to the closing of the Offering.\n \n \n The gross proceeds from the sale of the Flow Through Shares  will be used to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through mining expenditures\", as both terms are defined in the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the\n \n \"Qualifying Expenditures\"\n \n ) related to the Company's Tower Gold project in\n \n Ontario\n \n on or before\n \n December 31\n \n , 2023.&#...