Business
Troilus Announces $150 Million Bought Deal Public Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Troilus Mining Corp
[{"type":"text","content":"Troilus Announces $150 Million Bought Deal Public Offering\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n MONTREAL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“\n \n Troilus\n \n ” or the “\n \n Company\n \n ”, TSX: TLG, OTCQX: CHXMF; FSE: CM5R) is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc. (together, the “\n \n Co-Lead Underwriters\n \n ”) and, on behalf of themselves and a syndicate of underwriters (collectively, together with the Co-Lead Underwriters, the “\n \n Underwriters\n \n ”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 116,280,000 common shares of the Company (the “\n \n Common Shares\n \n ”), at a price of $1.29 per Common Share for aggregate gross proceeds of approximately $150 million (the “\n \n Offering\n \n ”). The Company has also granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any (the “\n \n Over-Allotment Option\n \n ”).\n \n\n The net proceeds from the sale of the Common Shares will be used by the Company to fund ongoing pre-development activities at the Company’s Troilus Copper-Gold project (the “\n \n Project\n \n ”), debt repayment, and for working capital and general corporate purposes.\n \n\n As Troilus advances the Project toward a construction decision it has accelerated progress across all fronts as it transitions from feasibility to development:\n \n\n\n Project Financing:\n \n\n\n\n Secured letters of interest totalling US$1.3 billion in indicative financial support from global Export Credit Agencies (see\n \n November 21, 2024\n \n , press release).\n \n\n Established a mandated US$700 million debt financing led by a syndicate of international lenders and supported by European ECAs (see\n \n March 13, 2025\n \n , press release).\n \n\n Agreed to indicative long-term offtake agreements with Aurubis AG and Boliden AB, two of Europe’s leading smelters (see\n \n July 10, 2025\n \n , and\n \n August 26...