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TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- ATEX Resources Inc. (TSXV:ATX; OTCQB: ATXRF), (TSXV: ATX; OTCQB:ATXRF) ("ATEX" or the "Company") is pleased to announce the closing of its previously announced and now upsized bought deal financing of 42,262,500 units of the Company (the "Units") at a price per Unit of C$2.60 for aggregate gross proceeds to the Company of approximately C$110 million (the "Offering"), including the full exercise of the Underwriters' option.
Each Unit is comprised of one common share and one warrant which entitles the holder thereof to acquire one common share at a price of C$4.00 per share on or prior to November 6, 2029, subject to acceleration as further set out in the warrant indenture governing the warrants, a copy of which is being filed under the Company's profile on SEDAR+.
ATEX intends to use the net proceeds from the Offering for exploration and development of the Valeriano Project and for general working capital purposes.
BMO Capital Markets, as the sole bookrunner and co-lead underwriter, and Desjardins Capital Markets as co-lead underwriter on behalf of a syndicate of underwriters that included Stifel Nicolaus Canada Inc., Ventum Financial Corp., Cormark Securities Inc., Paradigm Capital Inc. and TD Securities Inc. (collectively, the "Underwriters") acted as underwriters of the Offering. In connection with the Offering, the Underwriters received a cash fee of C$3,844,425, representing 5.00% of the gross proceeds from the Offering, subject to a reduced fee of 2.00% in respect of certain purchasers identified on a president's list agreed to between the Company and the Underwriters.
The Offering remains subject to the final acceptance of the TSX Venture Exchange. The securities issued under the Offering are subject to a hold period of four months and one day from the date hereof.
Certain insiders of ATEX (collectively, the "Insiders") subscribed for a total of 9,500,000 Units. Each subscription by an Insider is considered ...
