Sabina raises $35M in bought deal March 10, 2021
Topics
Developer
Sabina Gold & Silver (TSX: SBB) has announced a $35-million bought deal financing led by BMO Capital Markets. The underwriters have agreed to purchase 18 million common shares of the company at a price of $1.95 per share; the underwriters also have the option to purchase up to an additional 15% of the shares issued for 30 days following closing.
The deal is expected to close around March 16.
Based on a 2017 agreement between Sabina and publicly traded
Zhaojin International Mining, Zhaojin has chosen to exercise its participation right to maintain a 9.9% stake in Sabina through the purchase of 2.4 million shares (assuming full exercise of the over-allotment option). In addition, the China-based company may subscribe for up to 18.7 million shares in the offering as this number represents its 33% participation right outlined in the 2017 document, based on the amount of shares sold in
扩博智能完成Pre-B-4轮两亿元人民币融资
sina.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.cn Daily Mail and Mail on Sunday newspapers.
北投卓联物业为留京员工配备班车宿舍-千龙网·中国首都网
qianlong.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qianlong.com Daily Mail and Mail on Sunday newspapers.