Silver Tiger Metals Inc. closes C$100 million offering on Toronto Stock Exchange
What happened
Silver Tiger Metals Inc. closed a bought deal offering, selling 100,050,000 units at C$1.00 per unit for gross proceeds of C$100,050,000. Each unit includes one common share and a purchase warrant. The proceeds are intended to fund exploration and development expenditures, working capital, and general corporate purposes. The offering was managed by a syndicate of underwriters led by Stifel Canada, including Bank of Montreal.
From mining.com
Why it matters
The offering provides Silver Tiger Metals Inc. with significant capital to fund its Project's exploration and development. The underwriters involved, including Bank of Montreal, received a 5.0% cash commission on the gross proceeds of the transaction.
From mining.com
Who's involved
- companyThe company that completed the offering and raised C$100.05 million.
- Toronto Stock ExchangeThe stock exchange where Silver Tiger Metals Inc. is publicly listed.
- Bank of MontrealOne of the underwriters in the offering, receiving a 5.0% commission.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Bank of MontrealSpeculative
Bank of Montreal could see increased revenue from the 5.0% cash commission paid on the gross proceeds.
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The entities involved
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Toronto Stock Exchange
stock exchange in Canada
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