Versamet Royalties Closes C$22 Million Private Placement with Tether

Executive Summary

• Versamet Royalties Corporation closed its previously announced non-brokered private placement with Tether Investments S.A. de C.V.
• The company issued 1,575,712 common shares at a price of C$13.75 per share, generating gross proceeds of approximately C$21.7 million.
• Following this transaction and a concurrent bought deal public offering, the total issued and outstanding common shares stand at 105,535,324, with Tether Investments holding approximately 12.7% of the company.

Key Details

• Transaction Structure: Non-brokered private placement (Concurrent Private Placement).
• Investor: Tether Investments S.A. de C.V.
• Shares Issued: 1,575,712 common shares.
• Price Per Share: C$13.75.
• Gross Proceeds: Approximately C$21.7 million.
• Use of Proceeds: Repayment of indebtedness, funding future acquisitions, and general corporate purposes.
• Post-Transaction Share Count: 105,535,324 issued and outstanding common shares.
• Investor Ownership: Tether Investments owns approximately 12.7% of the issued and outstanding common shares.
• Context: The private placement closed following a bought deal public offering which also closed on the same day.

Notable Quotes

• None provided in the text.