Base Metals
Koryx announces upsized bought deal public offering of C$17m
This follows the initial announcement of a C$10-million bought deal offering earlier this week.
Koryx notes that, under the amended agreement, the underwriters have agreed to buy, on a bought deal basis, 16.56-million common shares of the company at a price of C$1.05 an offered share for aggregate gross proceeds to the company of C$17.39-million.
The company says it aims to use the net proceeds to advance technical studies on the Haib copper project, in Namibia, continue exploration on the property, and for working capital and general corporate purposes.
Koryx says the offering is expected to close on or about July 30 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX-V.
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