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Financings

C3 Metals arranges $20-million private placement

By The Northwire Desk — AI Analysis Jan 21, 2026 · 20:18 CCCM · 1.22 C3 Metals Inc.
CCCM · Price

Executive Summary

  • C3 Metals Inc. has entered into a bought deal private placement agreement with Paradigm Capital Inc. to raise gross proceeds of $20,000,200.
  • The company issued 18,182,000 common shares at a price of $1.10 per share, with an additional option for the underwriters to purchase up to 2,728,000 shares for up to $3,000,800 in additional gross proceeds.
  • Net proceeds are designated for exploration and development at the Khaleesi and Super Block projects, as well as for general working capital.

Key Details

  • Transaction Structure: Bought deal private placement.
  • Lead Underwriter: Paradigm Capital Inc. (acting as sole bookrunner).
  • Shares Issued: 18,182,000 common shares.
  • Issue Price: $1.10 per share.
  • Gross Proceeds: $20,000,200.
  • Over-Allotment Option: Underwriters have an option to purchase up to 2,728,000 additional shares at $1.10 per share, providing up to $3,000,800 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.
    • Exploration and development at the 50%-owned Super Block project.
    • General working capital purposes.
  • Commission: A cash commission of 6.0% on gross proceeds is payable to the underwriters.
  • Closing Date: Expected on or about February 11, 2026.
  • Regulatory Conditions: Subject to receipt of necessary regulatory approvals, including TSX Venture Exchange approval.
  • Hold Period: Securities are subject to a hold period of four months and one day after the closing date.
  • Related Party Transaction: The offering may constitute a related party transaction if insiders participate. The company intends to rely on exemptions from valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of insider participation will not exceed 25% of the company's market capitalization.
  • Jurisdiction: Offered in Canadian provinces and potentially in the United States under exemptions from the Securities Act of 1933.
Read the original news release →

More from C3 Metals Inc.

Nov 09, 2026 · 07:01

C3 expands the Khaleesi target footprint in Peru through geophysical surveys.

Drill Results Nov 02, 2026 · 06:46

C3 hit high-grade Khaleesi skarn, with confirmation and true width to follow.

Drill Results Oct 27, 2026 · 07:02

C3 repeats 0.38% CuEq in Khaleesi hole 38, while deeper skarn mineralisation was not repeated in the adjacent hole.

Drill Results Sep 17, 2026 · 07:01

C3 expands the Khaleesi geophysics target footprint ahead of planned Q4 drilling activities at the project.

Drill Results Sep 15, 2026 · 07:01

C3 extends the Khaleesi system to 500m depth with broad step-out intersections, though grades remain marginal.

Drill Results Aug 11, 2026 · 07:01

C3’s district-scale 3DIP survey identified deep porphyry targets at the Bellas Gate project.

Drill Results