Gladiator Metals Announces Closing of Upsized $22.5 Million Bought Deal Private Placement
Gladiator Metals (OTCQB: GDTRF) has successfully closed its upsized bought deal private placement, raising total gross proceeds of $22.5 million. The offering included 10,563,400 flow-through shares at $1.42 per share for $15 million, and 8,152,200 common shares at $0.92 per share for $7.5 million.
The placement was led by Cormark Securities Inc. with a syndicate of underwriters. The flow-through funds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures in Yukon Territory, while proceeds from common shares will support working capital and general corporate purposes. The company must incur qualifying expenditures by December 31, 2026, with renunciation to purchasers by December 31, 2025.
Gladiator Metals (OTCQB: GDTRF) ha completato con successo un aumento di capitale privato in forma di "bought deal" aumentato, raccogliendo complessivamente 22,5 milioni di dollari lordi. L’offerta comprendeva 10.563.400 azioni flow‑through a 1,42$ per azione per un totale di 15 milioni di dollari e 8.152.200 azioni ordinarie a 0,92$ per azione per 7,5 milioni di dollari.
L’operazione è stata guidata da Cormark Securities Inc., con un sindacato di collocatori. I fondi derivanti dalle azioni flow‑through verranno destinati a spese di esplorazione in Canada qualificate come spese ammissibili per i minerali critici nel territorio dello Yukon; i proventi dalle azioni ordinarie saranno impiegati per il capitale circolante e scopi aziendali generali. La società dovrà sostenere le spese qualificate entro il 31 dicembre 2026, con la rinuncia fiscale agli acquirenti prevista entro il 31 dicembre 2025.
Gladiator Metals (OTCQB: GDTRF) ha cerrado con éxito su colocación privada tipo bought deal ampliada, recaudando un total bruto de 22,5 millones de dólares. La oferta incluyó 10.563.400 acciones flow‑through a 1,42$ por acción por 15 millones y 8.152.200 acciones ordinarias a 0,92$ por acción por 7,5 millones.
La colocación fue liderada por Cormark Securities Inc. con un sindicato de suscriptores. Los fondos procedentes de las acciones flow‑through se destinarán a gastos de exploración en Canadá que califiquen como gastos mineros de minerales críticos en el Territorio del Yukón, mientras que los ingresos por las acciones ordinarias apoyarán el capital de trabajo y fines corporativos generales. La compañía debe incurrir en los gastos calificados antes del 31 de diciembre de 2026, con la renuncia a los compradores antes del 31 de diciembre de 2025.
Gladiator Metals (OTCQB: GDTRF)가 증액된 바우트딜(private bought deal) 사모를 성공적으로 마감하여 총 2,250만 달러의 총수익을 확보했습니다. 이번 발행에는 주당 1.42달러에 10,563,400개의 플로우스루(flow‑through) 주식으로 1,500만 달러, 주당 0.92달러에 8,152,200주의 보통주로 750만 달러가 포함되었습니다.
이번 배정은 Cormark Securities Inc.가 주관하고 인수단이 참여했습니다. 플로우스루 자금은 유콘 준주에서의 핵심광물 채굴 관련 캐나다 탐사비용으로 사용될 예정이며, 보통주 수익금은 운전자본과 일반 기업 목적에 쓰입니다. 회사는 2026년 12월 31일까지 적격 지출을 집행해야 하며, 구매자에 대한 세무상의 양도(renunciation)는 2025년 12월 31일까지 이루어져야 합니다.
Gladiator Metals (OTCQB: GDTRF) a clôturé avec succès son placement privé en mode bought‑deal, augmenté, levant un produit brut total de 22,5 millions de dollars. L’offre comprenait 10 563 400 actions flow‑through à 1,42 $ l’unité pour 15 millions de dollars, et 8 152 200 actions ordinaires à 0,92 $ l’unité pour 7,5 millions de dollars.
Le placement a été dirigé par Cormark Securities Inc. avec un syndicat de souscripteurs. Les fonds provenant des actions flow‑through seront affectés à des dépenses d’exploration au Canada éligibles en tant que dépenses minières pour minéraux critiques dans le territoire du Yukon, tandis que les produits des actions ordinaires financeront le fonds de roulement et des usages généraux de l’entreprise. La société doit engager les dépenses éligibles d’ici le 31 décembre 2026, la renonciation aux investisseurs devant intervenir d’ici le 31 décembre 2025.
Gladiator Metals (OTCQB: GDTRF) hat eine aufgestockte Bought‑Deal‑Privatplatzierung erfolgreich abgeschlossen und dabei insgesamt 22,5 Mio. USD Bruttoeinnahmen erzielt. Das Angebot umfasste 10.563.400 Flow‑Through‑Aktien zu je 1,42 USD (insgesamt 15 Mio. USD) sowie 8.152.200 Stammaktien zu je 0,92 USD (7,5 Mio. USD).
Die Platzierung wurde von Cormark Securities Inc. geleitet, unterstützt von einem Konsortium von Zeichnern. Die Erlöse aus den Flow‑Through‑Aktien werden für kanadische Explorationsaufwendungen im Yukon Territory verwendet, die als förderfähige Ausgaben für kritische Mineralien gelten; die Mittel aus den Stammaktien dienen dem Betriebskapital und allgemeinen Unternehmenszwecken. Qualifizierte Ausgaben müssen bis zum 31. Dezember 2026 getätigt werden, die Renunciation an Käufer erfolgt bis zum 31. Dezember 2025.
- Successfully raised significant capital of $22.5 million through upsized offering
- Flow-through shares priced at 54% premium to common shares ($1.42 vs $0.92)
- Strong institutional support with syndicate of established underwriters
- No hold period on shares issued to Canadian residents under Listed Issuer Financing Exemption
- 6% cash commission paid to underwriters (3% for president's list)
- Additional $100,001.70 finder's fee paid to arm's length finder
- Offering remains subject to final TSX Venture Exchange approval
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to announce that it has closed its previously announced upsized private placement (the "Offering"). The Offering consisted of the issuance and sale of (i) 10,563,400 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "FT Shares"), at a price of
The Offering was completed on a "bought deal" private placement basis, with Cormark Securities Inc. acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp., and Velocity Trade Capital Ltd. (collectively, the "Underwriters").
The Company will use an amount equal to the gross proceeds received from the sale of the FT Shares, pursuant to the provisions of the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in the Yukon Territory. Gladiator intends to use the net proceeds of the HD Shares for working capital and general corporate purposes. Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026, and will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025.
The Offering remains subject to the final approval of the TSX Venture Exchange.
In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the FT Shares and HD Shares were offered for sale to purchasers resident in all Provinces of Canada, including Quebec, and other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The FT Shares and HD Shares issued to Canadian resident subscribers under the Listed Issuer Financing Exemption are not subject to a hold period pursuant to applicable Canadian securities laws.
There is an amended and restated offering document related to the Offering and the use by the Company of the Listed Issuer Financing Exemption that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.gladiatormetals.com. The amended and restated offering document is available in English and in French.
In connection with the Offering, the Company paid the Underwriters a cash commission equal to
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of the Board of Directors,
Gladiator Metals Corp.
Jason Bontempo, CEO
For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139
ccheadle@gladiatormetals.com
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering, receipt of final approval and the listing of the FT Shares and the HD Shares on the TSX Venture Exchange, the tax treatment of the FT Shares, the use of proceeds of the Offering, the incurrence and renunciation of Qualifying Expenditures, and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265670
FAQ
How much did Gladiator Metals (GDTRF) raise in their recent private placement?
What is the price difference between GDTRF's flow-through and common shares in the offering?
How will Gladiator Metals use the proceeds from the private placement?
When must Gladiator Metals incur the qualifying expenditures for the flow-through shares?
Who were the underwriters for Gladiator Metals' private placement?
