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Phoenix Metals Corp. Announces Partial Exercise of Over-Allotment Option
Phoenix Metals Corp.
Fri, July 24, 2026 at 6:30 PM GMT+5:30
3 min read
- PCA.TO
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VANCOUVER, BC /ACCESS Newswire/ July 24, 2026 /Phoenix Metals Corp. (TSX:PCA) (“Phoenix” or the “Company“) is pleased to announce that further to its recently completed initial public offering (the “Offering“) of Class A common shares of the Company (the “Common Shares“), the over-allotment option granted by the Company to the Underwriters (as defined below) to purchase up to an additional 5,100,000 Common Shares at a price of $1.25 per Common Share (the “Over-Allotment Option“) has been partially exercised for 3,122,100 Common Shares. The Company will receive additional gross proceeds of $3,902,625 in connection with the partial exercise of the Over-Allotment Option. As a result of the partial exercise of the Over-Allotment Option, the aggregate gross proceeds from the Offering now total $46,402,625.
The Common Shares of the Company are listed and have been trading on a regular basis on the Toronto Stock Exchange under the symbol “PCA” since July 9, 2026
The Offering was conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., as joint-lead managers and joint bookrunners, and including Haywood Securities Inc. and RBC Dominion Securities Inc. (collectively, the “Underwriters”)
The Offering was completed pursuant to Phoenix’s supplemented PREP prospectus dated July 2, 2026 (the “Supplemented Prospectus”), filed with the securities regulatory authorities in each of the provinces of Canada, except Québec, a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca
No securities regulatory authority has reviewed or approved the contents of this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities in any jurisdiction in which the offering, solicitation or sale is not permitted
The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the “United States” (as defined in Regulation S under the U.S. Securities Act), unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available
Unless otherwise indicated, all references to dollar amounts in this press release are to Canadian dollars
