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Abitibi Metals ( (TSE:AMQ) ) has provided an update.
Abitibi Metals Corp. has filed a final short form prospectus for a bought deal public offering of common and flow-through shares, led by BMO Capital Markets and other underwriters. The offering aims to raise gross proceeds of $14,004,000, with the closing expected around December 16, 2025, subject to regulatory approvals. The company has also granted an over-allotment option to the underwriters, allowing for additional share purchases to stabilize the market. The flow-through shares are intended for donation or sale, with tax benefits applicable only to the original subscribers.
More about Abitibi Metals
Abitibi Metals Corp. operates in the metals industry, focusing on the exploration and development of mineral properties. The company is involved in the production and distribution of common shares and flow-through shares, primarily targeting the Canadian market.
Average Trading Volume: 623,129
Technical Sentiment Signal: Buy
Current Market Cap: C$58.04M
See more insights into AMQ stock on TipRanks’ Stock Analysis page.