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Yangarra Announces Closing of Bought Deal Financing
Yangarra Announces Closing of Bought Deal Financing Canada NewsWire /NOT FOR ...
About this update from Yangarra Resources Ltd.
[{"type":"text","content":"\n \n \n \n Yangarra Announces Closing of Bought Deal Financing\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 U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 27, 2023\n \n \n /CNW/ -\n \n Yangarra Resources\n \n \n Ltd.\n \n (\"\n \n Yangarra\n \n \" or the \"\n \n Company\n \n \") (TSX: YGR) announces the closing of its recently announced bought deal equity financing, completed by way of a short form prospectus, for the sale of 6,791,440 common shares issued on a flow-through basis (the \"\n \n FT Shares\n \n \") in respect of Canadian development expenses (\"\n \n CDE\n \n \") at a price of\n \n $2.54\n \n per FT Share, including the full exercise of the over-allotment option granted to the underwriters, for aggregate gross proceeds of\n \n $17,250,258\n \n (the \"\n \n Offering\n \n \").\n \n \n The Offering was underwritten by a syndicate of underwriters with ATB Capital Markets Inc. and CIBC Capital Markets as co-lead underwriters, and including Raymond James Ltd., Acumen Capital Finance Partners Limited, Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the \"\n \n Underwriters\n \n \").\n \n \n The proceeds from Offering will be used by Yangarra to incur CDE expenses on Yangarra's existing Canadian properties prior to\n \n December 31, 2023\n \n , and Yangarra will renounce qualifying expenditures (\"\n \n Qualifying CDE Expenditures\n \n \") to purchasers of the FT Shares on or before\n \n December 31\n \n , 2023.\n \n \n This news release does not constitute an offer to sell, or the solicitation of an offer to buy, the common shares in any jurisdiction, including\n \n the United States\n \n , or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption therefrom, nor shall there be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securiti...