Northwire Canada EditionWednesday, August 5, 2026
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Financings

Gladiator arranges $20-million bought deal offering

GLAD · Price

Executive Summary

  • Gladiator Metals Corp. announced a bought‑deal private placement raising approximately C$20 million through the sale of flow‑through (FT) and hard‑dollar (HD) common shares.
  • The placement consists of 10,563,400 FT shares at C$1.42 each (gross proceeds C$15,000,028) and 5,434,800 HD shares at C$0.92 each (gross proceeds C$5,000,016).
  • Proceeds from the FT shares will be used for eligible Canadian exploration expenses in Yukon; net proceeds from the HD shares are earmarked for working capital and general corporate purposes.

Key Details

  • Placement Structure:
  • FT Shares: 10,563,400 common shares (flow‑through), price C$1.42 per share, gross proceeds C$15,000,028.
  • HD Shares: 5,434,800 common shares (hard‑dollar), price C$0.92 per share, gross proceeds C$5,000,016.
  • Total Gross Proceeds: Approximately C$20,000,044.
  • Use of Proceeds – FT Shares: To incur eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures for Yukon projects; qualifying expenditures must equal or exceed the gross proceeds and be incurred by Dec 31 2026, with renunciation to purchasers no later than Dec 31 2025.
  • Use of Proceeds – HD Shares: Working capital and general corporate purposes.
  • Closing Date: Expected on or about September 9 2025 (or earlier/later as agreed).
  • Underwriters: Cormark Securities Inc. acting as lead underwriter for a syndicate of underwriters.
  • Regulatory Conditions: Subject to receipt of all required regulatory approvals, including conditional approval from the TSX Venture Exchange.
  • Exemptions Utilized: Offered under National Instrument 45‑106 (Prospectus Exemptions) and listed issuer financing exemption; FT and HD shares sold to Canadian residents (excluding Quebec) will not be subject to a hold period.
  • Documentation: Offering document available on SEDAR+ and the company’s website; investors advised to review before investing.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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