PopReach Closes $17.3 Million Bought Deal Financing

PopReach Corporation (TSXV: POPR) announced this morning that it has completed its previously announced public offering. The company managed to raise gross proceeds of $17.3 million, which includes a full exercise of the over allotment option in the financing that was lead by that of Beacon Securities.

The offering saw a total of 13,800,000 common shares of the issuer sold at a price of $1.25 per share on a bought deal basis. Of those shares, 1,800,000 were the result of the over allotment option being exercised.

The company has indicated that proceeds from the offering are to be used for acquisitions, working capital, as well as general corporate purposes.

PopReach Corporation last traded at $1.35 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

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

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: Canaccord Lowers Price Target Following Q1 Results

On the 31st, PopReach Corporation (TSXV: POPR) reported its first-quarter financial results. The company had...

Thursday, June 3, 2021, 04:43:00 PM

PopReach Announces $10.0 Million Bought Deal Financing

PopReach Corporation (TSXV: POPR) this morning announced that it is conducting a bought deal private...

Monday, November 9, 2020, 08:24:47 AM

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

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