trending Market Intelligence /marketintelligence/en/news-insights/trending/iltkvi7uq5mzqb8j_5nsew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Altius Minerals enters into C$35M bought-deal financing

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico

CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January


Altius Minerals enters into C$35M bought-deal financing

Altius MineralsCorp. said April 13 that it has entered into an agreement with a syndicateof underwriters under which they will purchase, on a bought-deal basis, 3,112,000of the company's common shares at C$11.25 each for gross proceeds of C$35 million.

The underwriters have the option, exercisable within 30 daysfollowing the closing of the offering, to purchase up to an additional 466,800 sharesto cover overallotments, if any. If the option is exercised in its entirety, aggregategross proceeds will be around C$40 million.

The offering is expected to close around May 3.

Net proceeds will partially fund the previously announced copperpurchase agreement concerning YamanaGold Inc.'s Chapadacopper-gold mine in Brazil, under which Altius will pay Yamana total advanced paymentsof US$60 million in cash and 400,000 Altius warrants.

Altius has paid US$8 million as an initial payment and the balanceof US$52 million is due around May 3.