Tuesday, September 16, 2025

PopReach Announces $10.0 Million Bought Deal Financing

PopReach Corporation (TSXV: POPR) this morning announced that it is conducting a bought deal private placement for gross proceeds of $10.0 million. The financing, lead by Beacon Securities on behalf of a syndicate of underwriters, will see 8.0 million common shares of the issuer sold.

The financing is not to include any warrant in the offering, with common shares sold at $1.25 a piece. An over allotment option has also been granted for a period of 30 days, enabling the financing to be expanded by up to 15% upon exercise.

Proceeds from the offering are intended to be used for acquisitions, working capital, and general corporate purposes. The financing is expected to close by November 26, 2020.

PopReach Corp last traded at $1.50 on the TSX Venture.


Information for this briefing was found via Sedar, PopReach, and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

PopReach Reports $4.1 Million In Q1 Revenue, Net Income Of $2.2 Million

PopReach Corporation (TSXV: POPR), today announced the company’s financial results for the first quarter of...

Monday, May 31, 2021, 08:44:19 AM

Eight Capital Initiates Coverage On PopReach With C$2.35 Price Target

Yesterday Eight Capital initiated coverage on PopReach Corp (TSXV: POPR) with a C$2.35 price target...

Tuesday, October 20, 2020, 04:41:28 PM

PopReach Acquires Self-Improvement App For US$5.0 Million

PopReach Corp (TSXV: POPR) this morning announced that it has entered into a binding purchase...

Monday, March 1, 2021, 07:17:43 AM

PopReach Receives Upgraded Price Target from Canaccord Amid $5M Investment from Alibaba Investment Arm

On Thursday, PopReach (TSXV: POPR) announced a $5.0 million investment from eWTP Tech Innovation Fund...

Sunday, October 18, 2020, 12:48:00 PM

PopReach Inks Reverse Takeover Deal With Federated Foundry For $160 Million

PopReach Corporation (TSXV: POPR) announced on Monday that it has signed a definitive agreement with...

Tuesday, October 19, 2021, 10:56:00 AM