National Bank Financial Inc. leads C$112.5M Bought Deal Private Placement
On October 31, 2025, NexGold Mining Corp. (“NexGold”) announced the closing of a C$112.5 million bought deal private placement pursuant to which it issued 69,445,000 units (the “Units”) at a price of C$1.44 per Unit for aggregate gross proceeds of C$100 million, and 7,944,000 flow through shares (the “FT Shares”) at a price of C$1.58 per FT Share for aggregate gross proceeds of approximately C$12.5 million (together, the “Offering”). The Offering was led by National Bank Financial Inc. and included BMO Capital Markets and Red Cloud Securities Inc. (collectively, the “Underwriters”).
NexGold is a gold-focused company with assets in Canada and Alaska. The net proceeds from the Units will be used to fund expenditures related to the development of the Goldboro open-pit gold project located in Nova Scotia, and for general corporate and working capital purposes. The gross proceeds from the FT Shares will be used to incur “Canadian exploration expenses” that qualify as “flow-through mining expenditures” at NexGold’s properties.
McCarthy Tétrault LLP represented the Underwriters with a team led by Nancy Choi and Claire Lehan that included Rachel Cristofoli (Business), Erica Hennessey, and Tyler Warchola (Tax)
