On February 14, 2023, Faraday Copper Corp. completed a bought deal financing of 49,999,700 common shares at a price of $0.80 per common share for aggregate gross proceeds of approximately $40 million, which includes the full exercise of the over-allotment option.
The offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp, and included PI Financial Corp., TD Securities Inc. and Stifel GMP.
Cassels acted for the underwriters.