On September 9, 2025, Gladiator Metals Corp. closed an upsized private placement of 10,563,400 common shares of the company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of $1.42 per flow-through share, and 8,152,200 common shares of the company at a price of $0.92 per common share, for aggregate gross proceeds to Gladiator Metals of approximately $22.5 million.
The offering was completed on a “bought deal” private placement basis, with Cormark Securities Inc. acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp., and Velocity Trade Capital Ltd.
Cassels acted for the underwriters.