On September 23, 2026, Fredonia Mining Inc. ("Fredonia"), a Toronto-based precious metals explorer with projects in Argentina, completed a bought deal private placement offering of common shares for gross proceeds of C$11.5 million pursuant to the listed issuer financing exemption (the “Offering”). The net proceeds of the Offering will be used for the exploration and advancement of Fredonia’s El Dorado Monserrat ("EDM") Project in Santa Cruz province, Argentina, and for general corporate and working capital purposes. The offering followed the disclosure of the positive results of a preliminary economic assessment ("PEA") on the EDM project in accordance with NI 43-101.
ATB Capital Markets acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, which included Canaccord Genuity Corp.
Fasken advised on the disclosure and the offering for Fredonia with a team led by Myroslav Chwaluk (Corporate Finance and Securities, Mining), and which included Terence Bernard (Corporate Finance and Securities) and Yianni Patiniotis (Articling Student).
Jurisdiction
- Ontario
