Koryx Copper Upsizes Bought-Deal Offering to $17 Million-March 2024-www.financetom.com

Koryx Copper Upsizes Bought-Deal Offering to $17 Million

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Koryx Copper Upsizes Bought-Deal Offering to $17 Million

Jul 10, 2025 10:24 AM

12:57 PM EDT, 07/10/2025 (MT Newswires) -- Koryx Copper ( KRYXF ) on Thursday said it is upsized a bought-deal share to $17.39 million, up from its original $10-million target due to investor demand.

The company said it will now sell underwriters 16.56-million shares priced at $1.05 each. The underwriters also have a 15% over-allotment option.

The company intends to use the net proceeds to advance technical studies on the Haib Copper Project in Namibia, and continue exploration on the property, working capital and general corporate purposes.

The company's shares were last seen down $0.09 to $1.06 on the TSX Venture Exchange.

Price: 1.06, Change: -0.09, Percent Change: -7.83

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