Adyton Resources Corporation has announced an upsized financing initiative, comprising a $14 million private placement of units and a concurrent $6 million non-brokered private placement. Due to strong investor demand, the company has amended its agreement with Clarus Securities Inc. and PowerOne Capital Markets Limited to increase the size of the previously announced offering. The revised offering will consist of up to 35 million units at a price of $0.40 per unit, each including one common share and one-half of a common share purchase warrant. These warrants will enable holders to purchase additional shares at $0.60 for a period of 24 months following the closing date. The non-brokered private placement aims to involve the company's board, management, and Papua New Guinea residents, with proceeds directed towards enhancing exploration and development activities. The closing of the offering is anticipated around mid-August 2025, subject to regulatory approvals.
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