Discovery Announces Completion of C$247.5 Million Bought Deal Public Offering of Subscription Receipts
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Discovery Silver Corp. has completed a C$247.5 million bought deal public offering of subscription receipts, issuing 275 million receipts at C$0.90 each. This includes an over-allotment option exercised by underwriters.
February 03, 2025 | 2:30 pm
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Discovery Silver Corp. has successfully raised C$247.5 million through a bought deal public offering, which may provide the company with significant capital for future projects or debt reduction.
The completion of a significant capital raise through a public offering suggests a positive outlook for Discovery Silver Corp., as it provides the company with additional funds for growth or financial stability. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80