Deals this week: Vista Gold, AuRico Metals, Canadian International Minerals
Vista Gold has agreed to raise approximately $15m through an offering of 10.75 million shares, priced at $1.40 each.
The units will be supplied to underwriters led by Cantor Fitzgerald Canada and Rodman & Renshaw Capital Group, who have also been granted an over-allotment option to purchase up to an additional 15% of the units issued.
The transaction is expected to close on or around 8 August 2016.
Net proceeds from the offering are intended to fund the advancement of the Mt Todd project, the largest undeveloped gold operation in Australia, as well as general corporate purposes and working capital requirements.
AuRico Metals has agreed to issue 10 million common shares priced at C$1 ($0.76) each to underwriters led by National Bank Financial and Macquarie Capital Markets Canada.
The transaction is expected to close on or around 22 August 2016, and the underwriters have been granted a 30-day over-allotment option to purchase up to an additional 15% of the common shares.
Aurico Metals expects to raise approximately C$10m ($7.65m) from the offering, which is intended to fund the company's Kemess Underground project, as well as working capital and general corporate purposes.
Canadian International Minerals is to acquire Golden Pet’s 100% interest in the Tisova copper deposit, located within the Erzgebirge mining district in northwestern Czech Republic.
Following the transaction, Canadian International will issue six million units priced at C$0.05 ($0.03) each to Golden Pet, for a gross consideration of C$0.30m ($0.22m).