Talisker arranges $40-million bought deal offering

Executive Summary

• Talisker Resources Ltd. has entered into a bought deal private placement agreement with Red Cloud Securities Inc. to raise gross proceeds of $40 million.
• The company will issue 20 million units at $2.00 per unit, with an overallotment option for up to 3 million additional units.
• Net proceeds will be used to advance the flagship Bralorne gold project in British Columbia, along with general corporate purposes and working capital.

Key Details

• Transaction Structure: Bought deal private placement led by Red Cloud Securities Inc. as lead underwriter and sole bookrunner.
• Units Issued: 20 million units.
• Price: $2.00 per unit.
• Gross Proceeds: $40.0 million (base offering).
• Overallotment Option: Underwriters have an option to purchase up to 3 million additional units at $2.00 per unit for up to $6.0 million in additional gross proceeds, exercisable up to 48 hours prior to closing.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to purchase one common share at an exercise price of $2.70. Warrants are exercisable for 24 months after the closing date.
• Listing Intent: The company intends to list the warrants on the Toronto Stock Exchange after closing, subject to meeting minimum distribution requirements.
• Use of Proceeds: Continued advancement of the Bralorne gold project (British Columbia), general corporate purposes, and working capital.
• Regulatory Exemptions:
  • Offered in Canada (except Quebec) under the Listed Issuer Financing (LIFE) exemption (NI 45-106).
  • Offered in the US and outside Canada/US via private placement exemptions.
  • Securities sold under LIFE are expected to be immediately freely tradable.
  • Securities sold outside Canada are not subject to a four-month hold period in Canada.
  • Other Canadian securities are subject to a standard four-month hold period.
• Closing Date: Scheduled on or about March 10, 2026, subject to customary conditions including TSX approval.

Notable Quotes

• No direct quotes from management were included in the provided text.