- Atico Mining (ATCMF, Financial) aims to raise up to $8.54 million through Rights and LIFE Offerings.
- Company discloses a term sheet with Trafigura for credit agreement amendment.
- Offerings exclude U.S. investors, limiting potential investor base.
Atico Mining Corporation (ATCMF) has announced the filing of amended offering documents for its planned concurrent Rights Offering and LIFE Offering, targeting total gross proceeds of approximately $8.54 million. The Rights Offering seeks to raise around $5.34 million, while the LIFE Offering is expected to generate approximately $3.2 million.
Included in the amendments is the disclosure of a term sheet agreed upon with Trafigura PTE. Ltd., which highlights modifications to an existing secured credit agreement. Atico Mining operates the El Roble copper-gold mine and is developing the La Plata VMS project in Ecuador. However, the offerings are not available to U.S. investors due to regulations under United States securities laws.
The updated offering documents, including the Circular and LIFE Offering Document, are available on SEDAR+ and Atico's official website for non-U.S. investors interested in the offerings. Potential investors are advised to review these documents for detailed information before making an investment decision.
