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Premium Resources announces closing of $46 million non-brokered equity financing, equity conversion of $20.8 million of debt and new strategic advisors

On March 18, 2025, Premium Resources Ltd. completed a significant recapitalization initiative, comprising a C$46 million non-brokered equity private placement and the conversion of C$20.88 million of debt into equity. The private placement involved issuing 153,333,334 units at C$0.30 per unit, each consisting of one common share and half a warrant exercisable at C$0.55 until March 18, 2028. In connection with this, 4 million common shares were issued to TriView Capital Ltd. for its services as finder, and cash payments totaling C$307,584 were made to other agents acting as finders.

Company

Premium Resources Ltd.

Company

Fiore Management and Advisory Corp.

Law Firm / Organization
DuMoulin Black LLP
Financing/Investment
Mining
$ 66,882,353
Closed
18 March 2025