The gold and critical minerals explorer also disclosed a roughly $60 million private placement with Agnico Eagle Mines Limited alongside its TSX debut under the symbol CADY.
Cadillac Mines Corporation said it priced and increased the size of its initial public offering to about $385 million after excess demand, setting 47,075,000 common shares at $6.90 each and 6,303,000 special flow-through shares (Canadian tax-advantaged mining shares) at $9.52 each. The company said it has received a final base PREP prospectus receipt from securities regulators across Canada, with a supplemented PREP prospectus expected on July 24, 2026 and accessible through SEDAR+ (Canada’s securities filing system) within two business days. The deal combines a treasury sale of 18,845,000 common shares and 6,303,000 special flow-through shares for gross proceeds of C$190,035,060 to Cadillac Mines, with a secondary sale of 28,230,000 common shares for gross proceeds of C$194,787,000 to selling shareholders. Underwriters also have a 30-day over-allotment option for up to 8,006,700 additional common shares at the common-share offering price, which the company said is expected to be met solely through secondary sales from the selling shareholders if exercised. Cadillac Mines separately entered into a subscription agreement with Agnico Eagle Mines Limited for 8,696,000 common shares at the IPO price in a private placement expected to close alongside the offering, raising gross proceeds of about $60 million. The company recently changed its name from Gold Candle Ltd. and said its common shares are set to begin trading on the Toronto Stock Exchange on an "if, as and when issued" basis on July 24, 2026 under the symbol CADY, with closing expected on or about August 5, 2026, subject to customary conditions.