Dakota Gold Announces Offering of Common Stock
Dakota Gold Corp (NYSE American: DC) has announced a public offering of 12,400,000 shares of its common stock in the United States. The offering will be led by BMO Capital Markets as part of an underwriting syndicate.
The company plans to use the net proceeds for working capital and general corporate purposes. The underwriters will have a 30-day option to purchase up to an additional 1,860,000 shares, representing 15% of the initial offering.
The offering is being made through the company's effective shelf registration statement on Form S-3, with a prospectus and related supplement that meets Securities Act requirements. Documents are available through the SEC's website or directly from BMO Capital Markets.
Dakota Gold Corp (NYSE American: DC) ha annunciato un'offerta pubblica di 12.400.000 azioni del suo capitale sociale negli Stati Uniti. L'offerta sarà guidata da BMO Capital Markets come parte di un sindacato di sottoscrittori.
L'azienda prevede di utilizzare i proventi netti per il capitale circolante e per scopi aziendali generali. I sottoscrittori avranno un'opzione di 30 giorni per acquistare fino a ulteriori 1.860.000 azioni, che rappresentano il 15% dell'offerta iniziale.
L'offerta viene effettuata attraverso la dichiarazione di registrazione efficace dell'azienda su modulo S-3, con un prospetto e un supplemento correlato che soddisfano i requisiti della Securities Act. I documenti sono disponibili attraverso il sito web della SEC o direttamente da BMO Capital Markets.
Dakota Gold Corp (NYSE American: DC) ha anunciado una oferta pública de 12,400,000 acciones de su capital social en los Estados Unidos. La oferta será liderada por BMO Capital Markets como parte de un sindicato de suscripción.
La empresa planea utilizar los ingresos netos para capital de trabajo y propósitos corporativos generales. Los suscriptores tendrán una opción de 30 días para comprar hasta 1,860,000 acciones adicionales, representando el 15% de la oferta inicial.
La oferta se realiza a través de la declaración de registro efectiva de la empresa en el formulario S-3, con un prospecto y un suplemento relacionado que cumple con los requisitos de la Ley de Valores. Los documentos están disponibles a través del sitio web de la SEC o directamente de BMO Capital Markets.
다코타 골드 코프 (NYSE American: DC)는 미국에서 12,400,000주의 보통주에 대한 공개 발행을 발표했습니다. 이 발행은 BMO 캐피탈 마켓이 인수단의 일환으로 주도합니다.
회사는 순수익을 운영 자본 및 일반 기업 목적에 사용할 계획입니다. 인수자는 초기 발행의 15%에 해당하는 1,860,000주를 추가로 구매할 수 있는 30일 옵션을 갖습니다.
이번 발행은 회사의 유효한 선반 등록 성명서(Form S-3)를 통해 이루어지며, 증권법 요구 사항을 충족하는 설명서 및 관련 보충서가 포함됩니다. 문서는 SEC 웹사이트를 통해 또는 BMO 캐피탈 마켓에서 직접 확인할 수 있습니다.
Dakota Gold Corp (NYSE American: DC) a annoncé une offre publique de 12 400 000 actions de son capital social aux États-Unis. L'offre sera dirigée par BMO Capital Markets dans le cadre d'un syndicat de souscription.
L'entreprise prévoit d'utiliser les produits nets pour le fonds de roulement et des objectifs d'entreprise généraux. Les souscripteurs auront une option de 30 jours pour acheter jusqu'à 1 860 000 actions supplémentaires, représentant 15 % de l'offre initiale.
L'offre est réalisée par l'intermédiaire de la déclaration d'enregistrement efficace de l'entreprise sur le formulaire S-3, avec un prospectus et un supplément connexe qui répondent aux exigences de la loi sur les valeurs mobilières. Les documents sont disponibles sur le site Web de la SEC ou directement auprès de BMO Capital Markets.
Dakota Gold Corp (NYSE American: DC) hat ein öffentliches Angebot von 12.400.000 Aktien ihres Stammkapitals in den Vereinigten Staaten angekündigt. Das Angebot wird von BMO Capital Markets als Teil eines Underwriting-Konsortiums geleitet.
Das Unternehmen plant, die Nettoerlöse für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Die Underwriter haben eine 30-tägige Option, bis zu 1.860.000 Aktien zu erwerben, was 15 % des ursprünglichen Angebots entspricht.
Das Angebot erfolgt über die wirksame Shelf-Registrierungsanmeldung des Unternehmens auf Formular S-3, mit einem Prospekt und einem zugehörigen Supplement, das die Anforderungen des Wertpapiergesetzes erfüllt. Dokumente sind über die Website der SEC oder direkt von BMO Capital Markets erhältlich.
- Strengthening working capital position through new funding
- Support from major financial institution (BMO Capital Markets) leading the offering
- Potential dilution of existing shareholders due to issuance of 12.4 million new shares
- Additional dilution possible if underwriters exercise option for 1.86 million extra shares
Insights
Dakota Gold's announcement of a 12.4 million share offering represents significant dilution for existing shareholders, with potential for an additional 1.86 million shares if underwriters exercise their option. Based on the company's
The company's vague statement about using proceeds for "working capital and general corporate purposes" lacks specific strategic initiatives that might offset dilution concerns. Without clear communication about how these funds will drive growth or create value, investors typically view such offerings negatively. The selection of BMO Capital Markets as lead underwriter provides some institutional credibility to the offering.
For mining companies like Dakota Gold, capital raises are often necessary to fund exploration and development activities, which require substantial upfront investment before generating returns. However, the lack of specificity about intended use of proceeds raises questions about immediate cash needs and leaves investors uncertain about whether this dilution will ultimately create value.
Lead, South Dakota--(Newsfile Corp. - March 20, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") today announced the launch of a public offering of 12,400,000 shares of its common stock, par value
The Company expects to use the net proceeds of the Offering for working capital and other general corporate purposes.
The Common Shares will be offered by the Company with a syndicate of underwriters, led by BMO Capital Markets (collectively, the "Underwriters").
Dakota Gold intends to grant the Underwriters an option, exercisable for a period of 30 days from the date hereof, to purchase up to an additional 1,860,000 Common Shares representing up to
The Offering to the public in the United States is being made pursuant to the Company's effective shelf registration statement on Form S-3, including a base prospectus, previously filed with the Securities and Exchange Commission (the "SEC"). The Offering in the United States will be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the base prospectus may be obtained by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036.
This news release does not constitute an offer to sell or the solicitation of an offer to buy shares of Dakota Gold's common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Dakota Gold Corp.
Dakota Gold is a South Dakota-based responsible gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 48 thousand acres surrounding the historic Homestake Mine.
For further information about Dakota Gold Corp., please contact:
Dr. Robert Quartermain
Co-Chair, Director, President and Chief Executive Officer
Tel: +1 778-655-9638
Carling Gaze
VP of Investor Relations and Corporate Communications
Tel: +1 605-679-7429
Email: info@dakotagoldcorp.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS OR INFORMATION
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, disclosure regarding the conduct of the Offering; the granting of the Underwriters' over-allotment option; and the anticipated use of proceeds from the Offering. In certain cases, forward-looking statements can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate," "expect" "plan," "likely," "believe," "intend," "forecast," "project," "estimate," "potential," "could," "may," "will," "would" or "should." These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as updated by annual, quarterly and current reports that we file with the SEC, which are available at www.sec.gov. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245471
FAQ
How many shares is Dakota Gold (DC) offering in its March 2025 public offering?
What is the purpose of Dakota Gold's (DC) 2025 stock offering?
Who is leading the underwriting syndicate for Dakota Gold's (DC) public offering?
How long do underwriters have to exercise their additional share purchase option for DC stock?
