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  • Adventus Mining (ADZN) has completed a bought deal public offering for gross proceeds of $6,899,999.60
  • The company issued a total of 13,269,230 common shares for $0.52 per share, including the full exercise of the over-allotment option
  • Net proceeds will be used for exploration activities at the Santiago Project in Ecuador
  • Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company
  • Adventus Mining Corporation (ADZN) opened trading at C$0.51

Adventus Mining (ADZN) has completed its previously-announced bought deal public offering for gross proceeds of $6,899,999.60.

The offering was completed through a syndicate of underwriters led by Raymond James Ltd. and National Bank Financial Inc. as joint bookrunners, including BMO Nesbitt Burns Inc., Cormark Securities Inc., Haywood Securities Inc., and PI Financial Corp.

The company issued a total of 13,269,230 common shares for $0.52 per share, including the full exercise of the over-allotment option.

The net proceeds will be used for exploration activities at the Santiago Project, including drilling, as well as for working capital and general corporate purposes.

Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company.

Adventus Mining Corporation (ADZN) opened trading at C$0.51.


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