On May 30, 2024, Faraday Copper Corp. completed a bought deal financing of 28,750,000 common shares at a price of $0.80 per common share for aggregate gross proceeds of $23 million, which included the full exercise of the underwriters’ over-allotment option.
The offering was completed through Ventum Financial Corp., Canaccord Genuity Corp. and TD Securities Inc. as co-lead underwriters and joint bookrunners.
Cassels acted for the underwriters.