Business
Versamet Royalties Announces C$125 Million Bought Deal Financing and Concurrent Private Placement
The base shelf prospectus is accessible, and the prospectus supplement will be accessible within ...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Announces C$125 Million Bought Deal Financing and Concurrent Private Placement\nThe base shelf prospectus is accessible, and the prospectus supplement will be accessible within two business days through SEDAR+ Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Versamet Royalties Corporation (“Versamet” or the “Company”) (TSX: VMET) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets, under which the underwriters have agreed to buy on bought deal basis 9,100,000 common shares (the “Common Shares”), at a price of C$13.75 per Common Share for gross proceeds of C$125 million (the “Offering”). The Company has 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 Offering is expected to close on or about February 9, 2026 and is subject to Versamet receiving all necessary regulatory approvals. The Company intends to complete a non-brokered private placement whereby existing investors, such as Tether Investments who have contractual participation rights, are expected to participate in the private placement offering (the “Concurrent Private Placement”). The Concurrent Private Placement is subject to necessary approvals of the Toronto Stock Exchange. The net proceeds of the Offering and Concurrent Private Placement will be used to repay indebtedness, to fund future acquisitions and for general corporate purposes. The Common Shares will be offered by way of a prospectus supplement (the “Supplement”) to the Company’s short form base shelf prospectus dated August 1, 2025 (the “Shelf Prospectus”), in all of the provinces and territories of Canada, other than Quebec, and may also be offered by way of private placement in the United States via Rule 144A. Common Shares to be offered on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions. Copies of the Shelf Prospectus can be found, and the Suppleme...