New Pacific Metals shares are trading lower after the company announced C$35 million in bought deal financing.
Portfolio Pulse from Benzinga Newsdesk
New Pacific Metals announced C$35 million in bought deal financing, leading to a decrease in its share prices.
September 26, 2023 | 2:23 pm
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New Pacific Metals' shares are trading lower after the company announced C$35 million in bought deal financing.
The announcement of the bought deal financing has led to a decrease in the share prices of New Pacific Metals. This is likely due to the dilution of shares that typically occurs with such financing deals, which can lead to a decrease in the value of existing shares.
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