Fundz

New Pacific Metals Closes C$35 Million Bought Deal Financing

PUBLIC · NEWPSep 29, 2023

Amount Raised

C$35 Million

Round Type

Funding Round

MiningPrecious MetalsMineralConstruction

Description

New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023. A total of 13,208,000 common shares of the Company (the “Offered Shares”) were sold under the Offering (as defined below) at a price of C$2.65 per Offered Share (the “Issue Price”) for total gross proceeds of approximately C$35 million (the “Offering”). The Offering was through a syndicate of underwriters (the “Underwriters”), pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated September 26, 2023 (the "Underwriting Agreement").

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as New Pacific Metals that raised within 45 days of this round, from Fundz verified event records.

  • Rise Gold raised $446K (Seed) on November 7, 2023.
  • Talisker Resources raised $292K (Seed) on November 6, 2023.
  • Osino Resources Corp. raised an undisclosed amount (Funding Round) on October 12, 2023.
  • Canada Nickel Company raised $12M (Debt Financing) on September 18, 2023.
  • Allied Gold Corporation raised $6.9M on September 7, 2023.
  • Alaska Silver Corp. raised $982K (Seed) on September 1, 2023.

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Company Information

Company

New Pacific Metals

About

New Pacific is a Canadian exploration and development company with three precious metal projects in Bolivia. The Company's flagship Silver Sand project has the potential to be developed into one of the world's largest silver mines. The Company is also advancing its robust, high-margin silver-lead-zinc Carangas project. Additionally a discovery drill program was completed at Silverstrike in 2022.

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New Pacific Metals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.