South Pacific Metals Announces Equity Offering Up to C$15 Million

Corporate Action
โดย GlobeNewswire·CA·Read original
Summary · why it matters

South Pacific Metals Corp. has entered into an agreement with a syndicate of agents led by BMO Capital Markets as sole bookrunner, along with Paradigm Capital Inc. and Velocity Capital Partners, to market a best-efforts private placement of up to C$15 million in units, each consisting of one common share and one warrant, at an indicative price of C$0.83 per unit. Each warrant entitles the holder to purchase one common share at C$1.40 for 24 months, with an acceleration clause if the share price exceeds C$1.80 for 20 consecutive trading days after 12 months. The agents also have an option to purchase up to an additional C$5 million in units. The company plans to use the net proceeds to expand exploration activities and for general corporate purposes. The offering is expected to close on or about September 23, 2026, subject to regulatory approvals including the TSX Venture Exchange.

Impact on stocks 3

Financials▲ · 2 stocks
Bank of Montreal
BMO
▲ PositiveCapitalrelevance

BMO Capital Markets is sole bookrunner leading the up-to-C$15M best-efforts private placement for South Pacific Metals.

Critical Materials & Supply Chain▲ · 1 stocks

Off-coverage companies 2

Paradigm Capital Inc.Private▲ Positive
Capitalrelevance

Paradigm Capital Inc. is part of the agent syndicate marketing the up-to-C$15M equity offering.

Velocity Capital PartnersPrivate▲ Positive
Capitalrelevance

Velocity Capital Partners is part of the agent syndicate marketing the up-to-C$15M equity offering.

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