Victoria Gold Corp VITFF

Sabina ( Back River/Goose/Nunavut) $110 mill deal.

[phoenix_trader]

Sabina Gold & Silver Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 71 million common shares at a price of $1.55 per common share for gross proceeds of approximately $110-million. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of common shares issued to cover overallotments, if any. The offering is expected to close on or about March 30, 2022, and is subject to Sabina receiving all necessary regulatory approvals.

In February, 2022, the company announced it had completed a comprehensive project financing package for $520-million (U.S.) composed of:

 

• A $225-million (U.S.) senior secured debt facility with Orion Mine Finance;
• A $75-million (U.S.) gold prepay facility with Orion Mine Finance;
• A $125-million (U.S.) gold stream arrangement with Wheaton Precious Metals;
• A $95-million (U.S.) private placement of Sabina common shares subscribed to by both Orion and Wheaton Precious Metals.

Sabina Gold & Silver Corp
Symbol	SBB
Shares Issued	386,543,665
Close 2022-03-21	C$ 1.79

[phoenix_trader]

On February 8, 2022, Orion announced that Orion Fund III (Mt) LLC (the “Investor”), a limited liability company managed by Orion, entered into a subscription agreement (the “Subscription Agreement”) with the Issuer and Wheaton Precious Metals Corp. (“Wheaton”) on February 7, 2022, pursuant to which the Investor agreed to purchase an aggregate of 72,732,692 Common Shares, to be issued in three

[phoenix_trader]

Sabina share count: Sept 30, 2021                  356 mill Feb 7th to Orion                 73               to Wheaton           19               to Zhaojin             10