Adventus Mining Closes C$6.9 Million Bought Deal Public Offering

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Last update: Jan 18, 2023

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TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus Mining” or the “Company”) (TSX-V: ADZN) today announced the closing of its previously announced bought deal public offering (the “Offering”). The Offering was completed through a syndicate of underwriters led by Raymond James Ltd. and National Bank Financial Inc. as joint bookrunners of the Offering, including BMO Nesbitt Burns Inc., Cormark Securities Inc., Haywood Securities Inc., and PI Financial Corp. (collectively, the “Underwriters”). Pursuant to the Offering, the company issued a total of 13,269,230 common shares of the Company (the "Common Shares") at a price of C$0.52 per Common Share (the "Offering Price"), representing total gross proceeds of C$6,899,999.60, which includes full exercise by the Underwriters of their over-allotment option to acquire an additional 1,730,769 Common Shares under the same terms as the Offering.