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Troilus Announces Upsize to Bought Deal Public Offering to C$42.5M of Units and Flow-Through Units
Troilus Announces Upsize to Bought Deal Public Offering to C$42.5M of Units and Flow-Thro...
About this update from Troilus Mining Corp
[{"type":"text","content":"\n \n \n \n Troilus Announces Upsize to Bought Deal Public Offering to C$42.5M of Units and Flow-Through Units\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 \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . NOT AN OFFER OF SECURITIES FOR SALE IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n June 10, 2021\n \n /CNW/ - Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (\"Troilus\" or the \"Company\") is pleased to announce that in connection with is previously announced bought deal financing, the Company and Cormark Securities Inc., on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), have agreed to increase the size of the previously announced financing for aggregate gross proceeds of approximately\n \n C$42.5 million\n \n .\n \n \n The Underwriters have agreed to purchase, on a bought deal public offering basis 7,905,200 units of the Company (the \"Units\") at a price of\n \n C$1.10\n \n per Unit (the \"Unit Offering Price\") for gross proceeds of\n \n C$8,695,720\n \n ; 6,211,200 flow-through units of the Company (the \"Traditional Flow-Through Units\") at a price of\n \n C$1.26\n \n per Traditional Flow-Through Unit (the \"Traditional Flow-Through Unit Offering Price\") for gross proceeds of\n \n C$7,826,112\n \n ; 13,513,600 flow-through units of the Company (the \"National Flow-Through Units\") at a price of\n \n C$1.48\n \n per National Flow-Through Unit for gross proceeds of\n \n C$20,000,128\n \n ; and 3,174,700 flow-through units of the Company (the \"QC Flow-Through Units\") at a price of\n \n C$1.89\n \n per QC Flow-Through Unit for gross proceeds of\n \n C$6,000,183\n \n (the \"Offering\").\n \n \n The Units, Traditional Flow-Through Units, National Flow-Through Units and QC Flow-Through Units are collectively referred to herein as the \"Offered Units\".\n \n \n Each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and ...