Koryx Copper Inc. has increased the size of its bought-deal private placement to N$476.8 million (C$40.0 million) following strong investor demand.
The Vancouver-based company said it has entered into an amended agreement with Stifel Canada, acting as sole bookrunner on behalf of a syndicate of underwriters, to raise N$476.8 million (C$40,001,150) through the sale of 16,327,000 common shares at an issue price of N$29.20 (C$2.45) per share.
Koryx has also granted the underwriters an option to purchase up to an additional 2,449,050 common shares at the same price. The option may be exercised up to 48 hours before the offering closes.
“The company intends to use the net proceeds to advance technical studies on the Haib Copper Project and continue exploration on the property, as well as for working capital and general corporate purposes,” Koryx said.
The shares are being offered under Canada’s Listed Issuer Financing Exemption and will not be subject to a statutory hold period.
The transaction is expected to close on or about 20 January 2026, subject to regulatory approvals, including acceptance by the TSX Venture Exchange.
Under the terms of the deal, the underwriters will receive a 6% cash commission, amounting to about N$28.6 million (C$2.4 million), as well as compensation warrants equal to 3% of the shares sold.
Each warrant will entitle the holder to purchase one common share at N$29.20 (C$2.45) for a period of 24 months.
