12:10 PM EDT, 09/17/2025 (MT Newswires) -- Onyx Gold ( ONXGF ) on Wednesday said it upsized a bought-deal private placement by $3 million, to $18 million, while also announcing a non-brokered private placement to raise $5,6 million.

The company will issue 4.74 million tax-advantaged flow-through shares, at $2.11 each, to raise $10 million. It will issue 5.3 million hard-dollar shares at $1.50 each, to raise $8 million. The underwriters have also been granted a $2 million over-allotment option.

Onyx also plans a concurrent non-brokered private placement to raise $5.6 million through the issue of 2.3 million tax-advantaged shares priced at $2.43 each.

The two offerings, which will close about Oct. 2, will raise a combined total of $23.6 million, or $25.6 million if the over-allotment option is exercised in full.

Onyx Gold ( ONXGF ) shares were last seen up $0.02 to $1.67 on the TSX Venture Exchange.

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