Business
Versamet Royalties Closes C$142 Million Bought Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Versamet Royalties Corporation...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Closes C$142 Million Bought Deal FinancingVancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Versamet Royalties Corporation (TSX: VMET) (\"Versamet\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal public offering, pursuant to which the Company sold 10,300,000 common shares (the \"Common Shares\"), including the partial exercise of the over-allotment option granted by the Company of 1,200,000 Common Shares, at a price of C$13.75 per Common Share for gross proceeds of approximately C$141.6 million (the \"Offering\").The Offering was conducted by a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., as joint bookrunners, and included ATB Cormark Capital Markets, Canaccord Genuity Corp. and Raymond James Ltd.The Company anticipates the closing of its previously announced non-brokered private placement (the \"Concurrent Private Placement\") with Tether Investments S.A. de C.V. (\"Tether Investments\") shortly. Pursuant to the exercise of Tether Investment's participation rights in equity financings of the Company, the Company anticipates issuing 1,575,712 Common Shares at a price of C$13.75 for gross proceeds of approximately C$21.7 million. Following the completion of the Offering and Concurrent Private Placement, Tether Investments is anticipated to own approximately 12.7% of the issued and outstanding Common Shares of the Company.Dan O'Flaherty, CEO, commented, \"We are delighted to welcome new global institutional investors as we continue to broaden and expand our shareholder base. We also value the ongoing support of our strategic shareholder, Tether. This financing significantly enhances our financial flexibility and positions the Company to execute future acquisitions.\"The net proceeds of the Offering and the Concurrent Private Placement will be used to repay indebtedness, to fund future acquisitions and for general corporate purposes.The Offering was completed (i) in each of the provinces and territories of Canada, except Quebec, pursuant to a prospectus supplement to the Company's short form base shelf prospectus dated August 1, 2025 (collectively, the \"Prospectus\"); (ii) in the United States by way of private placement via Rule 144A; and (iii) in jurisdictions outside of Canada and the United States p...