The Common Shares issuable under the Bought Deal Offering will be offered pursuant to a prospectus supplement to the Company’s base shelf prospectus dated January 12, 2021.
The Bought Deal Offering is expected to close on May 19, 2021 and the Non-Brokered Offering is expected to close on or before May 31, 2021.
The net proceeds of the Offering will be used to make its final cash acquisition payment to New Gold Inc.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-looking statements in this news release include, but are not limited to, statements and information related to the closing of the Offering, the ability of the Company to satisfy the conditions and close the Offering; the terms of the Offering, including the size of the Offering, and ability of the Company to complete the Offering; the use of proceeds from the Offering; and other statements regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts, as well as statements as to management’s expectations with respect to such matters.
Important factors that may cause actual results to vary include without limitation, risks related to the ability of the Company to satisfy the conditions of the Offering and close the Offering; the ability of the Company to accomplish its plans and objectives with respect to the Blackwater Gold Project within the expected timing or at all; the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions sustained commodity prices such that any properties put into operation remain economically viable.