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Black Diamond Announces $36.85 Million Bought Deal Public Offering of Common Shares

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, June 25, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond" or the "Company") (TSX:BDI) is pleased to announce that it has entered into an agreement with Raymond James Ltd. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 4,050,000 common shares (the "Common Shares") of the Company at a price of C$9.10 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of C$36,855,000 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% Common Shares at the Issue Price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the Offering.

The net proceeds from the Offering will be used to fund capital expenditures, potential strategic acquisitions, organic growth initiatives, reduction of indebtedness, working capital, and for general corporate purposes.

The Common Shares will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec, by way of a private placement in the United States, and in those jurisdictions outside of Canada and the United States which are agreed to by the Company and the Underwriters, where the Common Shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar ...