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VANCOUVER, BC, Oct. 21, 2025 /CNW/ - New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) ("New Pacific" or the "Company") announced today that it has closed (the "Closing") the bought deal financing that was previously announced on October 14, 2025. A total of 11,385,000 common shares of the Company (the "Offered Shares") were sold under the Offering (as defined below) at a price of C$3.55 per Offered Share (the "Issue Price") for total gross proceeds of approximately C$40.42 million (the "Offering"), which includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,485,000 Offered Shares at the Issue Price. Raymond James Ltd. acted as sole bookrunner, and the Offering was co-led by Raymond James Ltd. and BMO Nesbitt Burns Inc. (together, the "Co-Lead Underwriters"), on behalf of a syndicate of underwriters (collectively with the Co-Lead Underwriters, the "Underwriters"), which included Canaccord Genuity Corp., Cormark Securities Inc., Red Cloud Securities Inc., and Roth Canada Inc., pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated October 15, 2025 (the "Underwriting Agreement").
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