11:05 AM EDT, 09/09/2025 (MT Newswires) -- Gladiator Metals ( GDTRF ) Tuesday closed its previously announced upsized "bought deal" private placement for proceeds of $22.5 million.

The company said the offering consisted of the issuance and sale of 10.6-million common shares that qualify as "flow-through shares", at $1.42 per FT share, for $15 million, and 8.2-million common shares at $0.92 per HD share, for $7.5 million.

Proceeds of the HD shares will be used for working capital and general corporate needs. The company said it will use an amount equal to proceeds received from the sale of the FT shares, to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" related to its projects in the Yukon Territory.

Shares of the company were last seen up 6.2% at $1.030 on the TSX Venture Exchange.

Price: 1.04, Change: +0.07, Percent Change: +7.22