27 Jan 2026capital raising announcement▲ GoodMajor
Sold 29,280,000 shares at $2.22 in a BMO-led underwritten offering, and the underwriters fully exercised their option for another 4,392,000 shares, for roughly $75 million gross. Paulson separately bought 18,018,018 shares ($40 million) and agreed to a further $3.3 million, with proceeds going to feasibility studies and permitting at Livengood.
What it means for a shareholder
29.3m new shares at C$2.22 to raise about C$75.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held C$1,000 of shares (450 at the issue price), your slice goes from 0.000217% to 0.00019% of the company. To keep it you'd need 63 more shares - about C$140 at the issue price.
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