Calibre Mining Corp. secures $115 million in bought deal financing

On April 16, 2024, Calibre Mining Corp. successfully concluded a bought deal financing, issuing 68,540,000 common shares at $1.68 each. This transaction resulted in aggregate gross proceeds of approximately $115 million, factoring in the full exercise of the underwriters' over-allotment option.

Legal representation for Calibre Mining Corp. was provided by Cassels Brock & Blackwell LLP. Their team, led by Jay King, included Jen Hansen, Brandon Manhas, Joel Matson, and Danielle Hill specializing in Securities and Mining, along with Tera Li Parizeau and Jocelyn Arnason who handled Tax matters.

The underwriters' legal counsel was Blake, Cassels & Graydon LLP, with Bob Wooder, Susan Tomaine, Darren Whitehouse, and Kai Duchnycz forming the advisory team.

The financing marked a significant capital raise for Calibre Mining Corp., enhancing its financial position through this strategic issuance of shares.

Public/Private Offering
Mining
$ 115,000,000
Closed
16 April 2024