Black Diamond Announces Closing of $42.38 Million Bought Deal Offering

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CALGARY, Alberta, July 16, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (“Black Diamond” or the “Company”) (TSX:BDI, OTCQX:BDIMF) announces today that it has closed its previously announced “bought deal” public offering (the “Offering”) of common shares (“Common Shares”) through a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Genuity Corp., BMO Nesbitt Burns Inc., Acumen Capital Finance Partners Limited, Cormark Securities Inc., and Peters & Co. Limited. Pursuant to the Offering, the Company issued a total of 4,657,500 Common Shares at a price of $9.10 per Common Share for gross proceeds of approximately $42.38 million (which includes 607,500 Common Shares issued in conjunction with the exercise in full of the over-allotment option).

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