BULLETIN V2023-0314
LYCOS ENERGY INC. ("LCX")
BULLETIN TYPE: Prospectus - Share Offering
BULLETIN DATE: December 18, 2023
TSX Venture Tier 1 Company
Effective September 27, 2023, the Company's final short form prospectus dated September 27, 2023 (the "Prospectus") was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the Alberta Securities Commission and the Ontario Securities Commission, pursuant to the provisions of the Securities Act. Under Multilateral Instrument 11-102 - Passport System, the Prospectus is deemed to have been filed by the securities regulators for each of the British Columbia, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador Securities Commissions.
The Exchange has been advised that the closing of the offering pursuant to the Prospectus occurred on October 16, 2023, for gross proceeds of $35,003,355.
Offering: 9,860,100 common shares ("Shares")
Offering Price: $3.55 per Share
Underwriters: National Bank Financial Inc., BMO Nesbitt Burns Inc., Peters & Co. Limited, Eight Capital, Haywood Securities Inc. and Paradigm Capital Inc.
Underwriters' Fees: Aggregate of $1,750,167.75 cash commission.
Over-allotment Option: Underwriters were granted an over-allotment option in connection with this offering to purchase an additional 1,286,100 common shares, which was exercised in full.
For further details, please refer to the Company's Prospectus dated September 27, 2023 and filed on SEDAR, and the Company's news releases dated September 13, 2023, September 14, 2023 and October 16, 2023.
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