New pacific metals closes c$35 million bought deal financing

Vancouver, british columbia, sept. 29, 2023 (globe newswire) -- new pacific metals corp. (tsx: nuag; nyse american: newp) (“new pacific” or the “company”) announced today that it has closed (the "closing") the bought deal financing that was previously announced on september 25, 2023. a total of 13,208,000 common shares of the company (the “offered shares”) were sold under the offering (as defined below) at a price of c$2.65 per offered share (the “issue price”) for total gross proceeds of approximately c$35 million (the “offering”). the offering was through a syndicate of underwriters (the “underwriters”), pursuant to the terms of an underwriting agreement between the company and the underwriters dated september 26, 2023 (the "underwriting agreement").
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