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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 2, 2022 /CNW/ – Adventus Mining Corporation (“Adventus” or the “Company“) (TSXV:ADZN) announces the issuances of securities pursuant to (i) an additional partial exercise of the over-allotment option in connection with its previously announced bought deal prospectus offering of units (the “Offering“) led by Raymond James Ltd. and National Bank Financial Inc. (the “Underwriters“), and (ii) the grant of stock options and restricted share units under the Company’s share compensation plan.
Partial Exercise of Over-Allotment Option
In connection with the previously announced Offering, the Underwriters have effected an additional partial exercise of the over-allotment option to acquire 250,000 common share purchase warrants (the “Warrants“) at a price of C$0.10 per Warrant, representing aggregate gross proceeds of C$25,000.
Each Warrant entitles the holder to acquire one common share of the Company at a price of C$1.20 with a Warrant expiry date of July 262023.
The net proceeds of the Offering, including the net proceeds from the Warrants, will be used to …
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