Viridian Metals Announces Flow-Through Private Placement, Warrant Extension and Date of Annual General and Special Meeting
Viridian Metals announced a non-brokered private placement of flow-through units raising $750,000 at $0.52 per unit, a 60% premium to the May 13 closing price. The investor is Pavilion Flow-Through L.P., a fund managed by Accilent Capital Management. Upon closing, Accilent will control approximately 20.84% of outstanding shares, becoming a new 'Control Person' under CSE rules. The transaction requires shareholder approval at a special meeting on June 22, 2026.
Key figures
- Deal Value Usd
- 750000
- Offering Price
- 0.52
- Warrants per unit
- 0.5
- Warrant expiry months
- 24
- Warrant exercise price
- 0.65
- Extended warrant expiry
- May 23, 2027
- Extended warrants count
- 2222000
- Acilent ownership pct diluted
- 31.13
- Extended warrant exercise price
- 0.45
- Acilent ownership pct non diluted
- 20.84
AI analysis
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