NetworkNewsBreaks – New Pacific Metals Corp. (TS
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Posted On: 10/15/2025 3:52:44 PM
NetworkNewsBreaks – New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) Announces C$35.1 Million Bought Deal Financing
New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) announced it has entered into an agreement with a syndicate of underwriters for a bought deal offering of 9.9 million common shares at C$3.55 per share, generating gross proceeds of approximately C$35.1 million (US$25.1 million). The Company has granted the underwriters a 30-day over-allotment option to purchase up to 1.485 million additional shares. Silvercorp Metals Inc. (NYSE American: SVM; TSX: SVM) intends to participate by subscribing to 2,776,950 shares for roughly C$9.86 million (US$7.05 million), which would bring its ownership to about 28.05% of New Pacific’s outstanding shares, assuming no exercise of the over-allotment. Net proceeds will support exploration and development at the Carangas and Silver Sand projects, along with working capital and general corporate purposes. The offering is expected to close on or about Oct. 21, 2025, subject to customary regulatory approvals.
NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at https://nnw.fm/NEWP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) announced it has entered into an agreement with a syndicate of underwriters for a bought deal offering of 9.9 million common shares at C$3.55 per share, generating gross proceeds of approximately C$35.1 million (US$25.1 million). The Company has granted the underwriters a 30-day over-allotment option to purchase up to 1.485 million additional shares. Silvercorp Metals Inc. (NYSE American: SVM; TSX: SVM) intends to participate by subscribing to 2,776,950 shares for roughly C$9.86 million (US$7.05 million), which would bring its ownership to about 28.05% of New Pacific’s outstanding shares, assuming no exercise of the over-allotment. Net proceeds will support exploration and development at the Carangas and Silver Sand projects, along with working capital and general corporate purposes. The offering is expected to close on or about Oct. 21, 2025, subject to customary regulatory approvals.
NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at https://nnw.fm/NEWP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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