Gladiator Metals Announces Closing of Second Tranche of Private Placement for Total of $6.8 Million

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Last update: Jul 7, 2023

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VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Gladiator Metals Corp. (TSXV: GLAD / OTC Markets: GDTRF / FSE: ZX7) (“Gladiator” or the “Company”), is pleased to announce that it has closed the second tranche of its previously announced brokered private placement offering (the “Offering”) consisting of 5,908,728 flow-through units of the Company sold to charitable purchasers (the “Charity FT Units”) at a price of $0.7975 per Charity FT Unit for gross proceeds of approximately $4.7 million. The Offering was led by Research Capital Corporation as lead agent and sole bookrunner (the “Lead Agent”), on behalf of a syndicate of agents, including Beacon Securities Limited (together with the Lead Agent, the “Agents”). The aggregate gross proceeds to the Company from the completion of the first and second tranche of the Offering is approximately $6.8 million.