Calibre Mining announces C$100M bought deal financing
Funds will go to the development of various gold projects
Calibre Mining announced a bought deal agreement with a syndicate of underwriters, led by BMO Capital Markets, for C$100 million (around US$74 million).
The underwriters agreed to buy 59,600,000 common shares for $1.68/share, with the option to purchase up to an additional 15% for 30 days after closing.
The funds will be used to develop Calibre's Valentine gold project in Canada, the El Limon and La Libertad mines in Nicaragua, and the Pan mine in the US, as well as to advance exploration programmes.
The Canadian-listed gold producer acquired the Valentine project last year when it bought Marathon Gold for C$345 million, boosting its expected output for 2025-2026 to 500,000ozpa.
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