Brisbane, Australia /ACCESSWIRE/ (July 24, 2025) – Adyton Resources Corp. (TSXV: ADY) (FSE: 701GR) ("Adyton" or the "Company") is pleased to announce that, as a result of strong investor demand, the Company has amended its letter agreement with Clarus Securities Inc. ("Clarus") and PowerOne Capital Markets Limited ("PowerOne" and, together with Clarus the "Lead Agents") to increase the size of its previously announced best-efforts private placement of units of the Company (the "Offering").
Pursuant to the upsized deal terms, the Offering will now consist of up to 35,000,000 units of the Company (the "Units") at a price of $0.40 per Unit (the "Offering Price") for gross proceeds of up to $14,000,000. Each Unit shall consist of one common share of the Company (each a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant shall entitle the holder to purchase one Share at a price of $0.60 for a period of 24 months following the Closing Date (as defined below).
Concurrent with the Offering, the Company intends to complete a non-brokered private placement of up to 15,000,000 units of the Company (the "NB Units") at the Offering Price per NB Unit for aggregate gross proceeds of up to $6,000,000 (the "Non-Brokered Offering"). The NB Units will be issued on the same terms as the Units. The purpose of the Non-Brokered Offering is primarily to enable the board of directors and management of the Company, along with residents of Papua New Guinea, to participate in the Offering and for the Company to use the net proceeds derived from the Non-Brokered Offering to upscale its exploration and development activities.
The Units and NB Units to be issued under the Offering will be sold pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about August 13, 2025 or such other date as may be agreed to by the Company and Clarus (the "Closing Date"). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.
For further information please contact:
Tim Crossley, Chief Executive Officer
E-mail: ir@adytonresources.com
Phone: +61 7 3854 2389
Phone: +1 778 549 6768
Forward-Looking Statements
This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to, the closing of the Offering. The words "expected", "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.
This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of Adyton securities in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") and Adyton securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy Adyton securities, nor shall there be any offer or sale of Adyton securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.