C3 Metals increases financing to $24.34-million

Executive Summary

• C3 Metals Inc. has upsized its previously announced bought deal private placement to raise gross proceeds of $24,348,280, driven by investor demand.
• The offering consists of 22,134,800 common shares issued at $1.10 per share, with an additional option for the underwriters to purchase up to 3.32 million shares for up to $3,652,220 in additional gross proceeds.
• Net proceeds will be allocated to exploration and development at the Khaleesi and Super Block projects, as well as general working capital.

Key Details

• Transaction Structure: Upsized bought deal private placement led by Paradigm Capital Inc. as sole bookrunner.
• Share Issuance: 22,134,800 common shares issued at $1.10 per share.
• Gross Proceeds: $24,348,280 from the initial tranche.
• Over-Allotment Option: Underwriters granted an option to purchase up to 3.32 million additional shares at $1.10 per share, providing up to $3,652,220 in additional gross proceeds. This option is exercisable in whole or in part prior to the closing date.
• Use of Proceeds:
  • Exploration and development at the 100%-owned Khaleesi copper-gold project (Peru).
  • Exploration and development at the 50%-owned Super Block project.
  • General working capital purposes.
• Closing Date: Expected on or about February 11, 2026.
• Hold Period: Securities are subject to a hold period of four months and one day after the closing date.
• Commissions: A cash commission of 6.0% on gross proceeds is payable to the underwriters.
• Regulatory Status: Subject to TSX Venture Exchange approval and other regulatory conditions. Potential related party transaction if insiders participate, relying on exemptions under MI 61-101.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.