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Troilus Announces C$12 Million Bought Deal Public Offering of Common Shares
Troilus Announces C$12 Million Bought Deal Public Offering of Common Shares Canada...
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\nTroilus Announces C$12 Million Bought Deal Public Offering of Common Shares\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\nCanada NewsWire\nTORONTO, April 10, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n TORONTO, April 10, 2019 /CNW/ - Troilus Gold Corp. (TSX:TLG; OTCQB:CHXMF) (\"Troilus\" or the \"Company\") announces that that it has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. (\"Canaccord\") and GMP Securities L.P. (\"GMP\"), and including Cormark Securities Inc. (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 14,118,000 common shares (the \"Shares\") of the Company at a price of C$0.85 per Share (the \"Issue Price\") for gross proceeds of C$12,000,300 (the \"Offering\").\nThe Company has agreed to grant to the Underwriters an over-allotment option (the \"Over-Allotment Option\") to purchase an additional 2,117,700 Shares at the Issue Price, for a period of up to 30 days after the closing of the Offering. If this option is exercised in full, an additional approximately C$1.8 million will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$13.8 million. \nThe Company intends to use the proceeds of the Offering to continue exploration and definition drilling at its Troilus gold and copper project, and for general corporate purposes.\nThe Offering is scheduled to close on about May 2, 2019 (the \"Closing Date\") and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange (the \"TSX\"). \nThe securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or t...