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Cabral Gold Launches C$20 Million Bought Deal Financing
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Cabral Gold Launches C$20 Million Bought Deal Financing
Mar 25, 2026 6:07 AM

08:37 AM EDT, 03/25/2026 (MT Newswires) -- Cabral Gold ( CBGZF ) said Wednesday that it is raising C$20 million in a bought-deal private placement.

Cabral plans to use the net proceeds to advance exploration of its mineral properties, and for general working capital purposes. The company is developing gold properties in Brazil, including the Cuiu Cuiu gold district.

Under the offering, the company will issue 21,055,000 shares priced at $0.95 apiece.

Cabral said it granted underwriters an over-allotment option to purchase up to an additional 3,158,250 shares at the same price for an additional $3 million in proceeds.

The offering is scheduled to close on or about April 2.

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