5N Plus Inc. Completes $46.2 Million Equity Financing

5N Plus Inc. completed its previously-announced “bought deal” public offering of 4 million common shares at a price of $11.55 per share, for total proceeds of $46.2 million.

The net proceeds from the offering will be used by 5N Plus Inc. for general corporate purposes, including working capital, capital expenditures and possible future acquisitions.

The 4 million common shares were sold to a syndicate of underwriters led by National Bank Financial Inc. and including GMP Securities L.P., Blackmont Capital Inc., MGI Securities Inc. and Laurentian Bank Securities Inc. The offering was made by way of short form prospectus filed with the securities commissions of each of the provinces of Canada, as well as in the United States under applicable registration statement exemptions.

Following the closing of the offering, there are 45.5 million common shares of 5N Plus Inc. issued and outstanding.