Abitibi Metals files final prospectus for offering

Executive Summary

• Abitibi Metals Corp. has filed a final short form prospectus to qualify a bought deal public offering of common shares and flow-through shares, led by BMO Capital Markets.
• The offering consists of 11.43 million common shares at $0.35 per share and 17.55 million flow-through shares at $0.57 per share, generating total gross proceeds of $14,004,000.
• The company has granted underwriters an overallotment option to purchase up to 4,347,000 additional shares (15% of the base offering) at their respective prices.

Key Details

• Common Shares: 11.43 million shares issued at $0.35 per share, resulting in gross proceeds of $4,000,500.
• Flow-Through Shares: 17.55 million shares issued at $0.57 per share, resulting in gross proceeds of $10,003,500.
• Total Gross Proceeds: $14,004,000.
• Underwriters: BMO Capital Markets (sole bookrunner and lead underwriter), Haywood Securities Inc. (co-lead manager), ATB Securities Inc., Desjardins Securities Inc., Paradigm Capital Inc., and Stifel Nicolaus Canada Inc.
• Closing Date: Expected on or about Dec. 16, 2025, or within 42 days of the prospectus filing date, subject to customary conditions and regulatory approvals.
• Overallotment Option: Underwriters have a 30-day option from the closing date to purchase up to 4,347,000 additional common and/or flow-through shares to cover overallotments and for market stabilization.
• Flow-Through Share Structure: Purchasers intend to donate or sell flow-through shares to registered charities or other purchasers arranged by underwriters at $0.35 per share. The company will only renounce Canadian exploration expenses to the original subscriber; subsequent purchasers will not receive flow-through tax benefits.
• Regulatory Filing: Final short form prospectus filed in all Canadian provinces to qualify the distribution.