trending Market Intelligence /marketintelligence/en/news-insights/trending/EwhIVfYMtNxd0daV_HQ7bA2 content esgSubNav
In This List

TMAC Resources closes C$92M bought-deal financing

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


TMAC Resources closes C$92M bought-deal financing

TMAC ResourcesInc. and Resource Capital Fund VI LP have closed a underwritten bought-deal offering, including the latter's overallotment option,to raise C$92 million.

According to a July 19 release, TMAC received C$60 millionwhile Resource Capital Fund bagged C$32 million from the overall proceeds.

Net proceeds will go toward furthering development of TMAC'sHope Bay goldproject in Nunavut, Canada, for exploration and development of the BTD Zone atthe Doris mine within the project, and for general corporate purposes.

In addition, NewmontMining Corp. acquired 1,159,000 common shares of TMAC under theoffering.

RCF and Newmont now hold 30.9% and 29.2% nondiluted stakesin TMAC, respectively.