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Aggregate|Copper|Exploration|PROJECT
Aggregate|Copper|Exploration|PROJECT
aggregate|copper|exploration|project

Koryx announces upsized bought deal public offering of C$17m

11th July 2025

By: Sabrina Jardim

Creamer Media Online Writer

     

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TSX-V-listed Koryx Copper has entered into an amended agreement with Stifel Nicolaus Canada to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, to increase the size of its previously announced bought deal public offering.

This follows the initial announcement of a C$10-million bought deal offering earlier this week.

Koryx notes that, under the amended agreement, the underwriters have agreed to buy, on a bought deal basis, 16.56-million common shares of the company at a price of C$1.05 an offered share for aggregate gross proceeds to the company of C$17.39-million.

The company says it aims to use the net proceeds to advance technical studies on the Haib copper project, in Namibia, continue exploration on the property, and for working capital and general corporate purposes.

Koryx says the offering is expected to close on or about July 30 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX-V.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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