Angkor Resources targets $3.5 million private placement with Sorbie Bornholm LP at $0.25 per unit

Reuters2026/08/17 20:16

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Angkor Resources set a term sheet with Sorbie Bornholm to raise about $3.5 million via a private placement of 14,000,000 units.
Units priced at $0.25 include one common share, 3,710,000 warrants at $0.32, plus 10,290,000 additional warrants priced at a 5% VWAP premium.
Proceeds to be funded in cash or a portfolio of UK government bonds, released in 24 monthly tranches under an equity swap sharing agreement.
Monthly settlement uses a $0.31 benchmark; receipts rise if VWAP exceeds it, fall if below, with no extra shares issued.
Corporate finance fee set at $210,000 in units; warrants include a 9.99% ownership blocker; closing needs TSX Venture approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Angkor Resources Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202608171615TNWSWRCACNPR_____1kEjFq2Xw) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Angkor Resources targets $3.5 million private placement with Sorbie Bornholm LP at $0.25 per unit

You may also like

Crypto prices