02:22 PM EDT, 10/15/2025 (MT Newswires) -- STLLR Gold ( STLRF ) shares was last seen up 5.9% on Wednesday after it closed a bought-deal and concurrent private placement of shares, raising $36.6 million.

The company sold underwriters 2.79-million charity flow-through shares priced at $1.792 each; 3.25-million flow-through shares priced at $1.54 each; and 5.17-million common shares priced at $1.28 each, raising $16.61 million in total.

A concurrent non-brokered private placement of 11.72-million shares to mining financier Eric Sprott raised $15 million, while Agnico Eagle Mines (AEM.TO) separately acquired 3.91-million common shares at $1.28 apiece for $5 million.

The company said as a result of the offering, Sprott, through 2176423 Ontario Ltd., increased his ownership interest in the company to 14.9% while Agnico Eagle increased its stake in the company to about 11%.

"This financing strengthens our ability to advance the Tower Gold and Hollinger Tailings projects in the Timmins Mining Camp," said Chief Executive Keyvan Salehi.

Proceeds from the sale of the common shares will be used for operating expenses and for general corporate and working capital needs. Proceeds from the sale of the FT shares and Premium FT shares will be used for exploration expenditures on its properties.

Shares of the company were last seen up $0.09 at $1.62 on the Toronto Stock Exchange.

Price: 1.62, Change: +0.09, Percent Change: +5.88