American Tungsten Corp. Completes $40 Million Bought Deal Private Placement
American Tungsten Corp. (the “Company”) (CSE: TUNG) completed a bought deal private placement of 14,286,450 units for gross proceeds of C$40,002,060. Each unit included one Class A common share and one-half of one Class A common share purchase warrant, with each warrant exercisable at a price of C$3.75 until March 18, 2029.
The offering was conducted by Stifel Canada, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Integrity Capital Group Inc. and Canaccord Genuity Corp.
American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho toward potential commercial production, addressing critical metal scarcity in North America. The Company’s IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure.
Wildeboer Dellelce LLP acted for American Tungsten Corp. with a team comprised of Charlie Malone, Niall Sweeney, Neel Patel, and Zehra Irfan (corporate and securities / mining, energy and natural resources), and Mariam Al-Shikarchy (tax).
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