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$ASTR.V

2 stories mentioning ASTR.VUpdated 38d ago

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Mining & Metals

Update: Astra Exploration Upsizes Bought-Deal Private Placement to C$13 Million

(Updates with details on the upsized private placement in the first and second paragraphs.)Astra Exploration (ASTR.V) upsized its bought-deal private placement announced earlier on Wednesday to $13 million from C$10 million.The company will now sell underwriters 16.9 million shares priced at $0.77 each instead of the original 13-million . Astra also increased the underwriters' over-allotment option. They can now buy up to an additional 2.6-million shares instead of 1.9 million shares, which could bring in up to C$2 million in additional proceeds.The company intends to use net proceeds from the offering for exploration and development of the La Manchuria project and for general corporate and working capital purposes, it said.

$ASTR.V
Mining & Metals

Astra Exploration Details C$10M Bought Deal Private Placement; Shares Up 3.5% To 52 Week Highs

Astra Exploration (ASTR.V) entered into a $10 million bought deal private placement, the company said Wednesday.The agreement is with a syndicate of investment dealers that has agreed to purchase, on a bought deal private placement basis, 12,988,000 common shares of the company at a price of C$0.77 each, it added.Underwriters have been granted an option, exercisable in whole or in part at any time prior to closing date, to purchase an additional 1,948,200 shares at the issue price for additional gross proceeds of up to near C$1.5 million, the company said.The company intends to use net proceeds from the offering for exploration and development of the La Manchuria project and for general corporate and working capital purposes, it added.The offering is expected to close on or about April 30, 2026, or on such other date as may be agreed to by the company and the underwriters, the company said. Completion of the offering is subject to customary conditions, it added.The company's shares were last seen up $0.03 at $0.87 on the TSX Venture Exchange, having touched a fresh 52 week high of $0.88.Price: $0.87, Change: $+0.03, Percent Change: +3.57%

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