Luca Mining closes C$56.36 million non-brokered private placement of subscription receipts
Bitget2026/10/14 13:14- Luca Mining completed C$ 155 million bought-deal private placement of 155,000,000 subscription receipts at C$ 1.00 each.
- Closed a concurrent non-brokered private placement raising C$ 56.36 million from Wheaton Precious Metals, Taurus Mining Finance Fund No. 3.
- Total subscription receipt financings reached C$ 211.36 million to help fund the cash consideration for the planned Cozamin mine acquisition.
- Goldgroup Mining bought 101,123,662 subscription receipts, secured participation rights in future equity financings, gained the right to nominate two directors.
- Escrowed proceeds release hinges on acquisition conditions by Feb. 28, 2027; otherwise funds return to investors, receipts cancelled.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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