Cadillac Mines Corporation Announces Closing of Upsized Initial Public Offering and Exercise of over-Allotment Option IN Full
705-998-4392
www.cadillacmines.com
Corporate Office
123 Front Street West, Suite 905
Toronto, ON M5J 2M2
Project Office
1 Kerr Mine Road
Virginiatown, ON P0K 1X0
FOR IMMEDIATE RELEASE:
CADILLAC MINES CORPORATION ANNOUNCES CLOSING OF UPSIZED INITIAL PUBLIC
OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION IN FULL
Not for distribution to U.S. news wire services or dissemination in the United States
Toronto, Ontario, August 5, 2026 – Cadillac Mines Corporation (“ Cadillac Mines” or the “ Company”)
today announced that it has closed its up sized initial public offering of 55,081,700 common shares of the
Company (the “ Offered Common Shares ”) at a price of $6.90 per Offered Common Share (the “ CS
Offering Price”) and 6,303,000 special flow-through shares of the Company (the “Special FT Shares” and,
together with the Offered Common Shares, the “Offered Shares”) at a price of $9.52 per Special FT Share
(the “Special FT Offering Price”) for total gross proceeds of approximately $440 million (the “Offering”).
The Offering consisted of a treasury offering by Cadillac Mines of 18,845,000 Offered Common Shares at
the CS Offering Price and 6,303,000 Special FT Shares at the Special FT Offering Price, for gross proceeds
of C$190,035,060 to Cadillac Mines, and a secondary offering by certain shareholders of the Company (the
“Selling Shareholders”) of 36,236,700 Offered Common Shares at the CS Offering Price (the “Secondary
Offering”), for gross proceeds of C$250,033,230 to the Selling Shareholders . The Secondary Offering
includes 8,006,700 Offered Common Shares sold to the underwriters upon exercise of their option to
acquire additional Offered Common Shares at the CS Offering Price (the “Over-Allotment Option”), which
was exercised in full. The Company did not receive any of the proceeds from the sale of Offered Common
Shares pursuant to the exercise of the Over-Allotment Option.
The Company has also completed a concurrent private placement of 8,696,000 common shares of the
Company to Agnico Eagle Mines Limited at the CS Offering Price for gross proceeds of approximately $60
million (the “Agnico Private Placement”). No commission or other fee was paid to the underwriters or any
other underwriters or agents in connection with the Agnico Private Placement.
The Offering was made through a syndicate of underwriters led by BMO Capital Markets, National Bank of
Canada Capital Markets and Stifel Canada as co-lead underwriters and joint bookrunners, and Scotiabank,
Barclays, CIBC Capital Markets, Desjardins Capital Markets and Ventum Financial Corp. as co-managers.
Goodmans LLP acted as Canadian legal counsel to Cadillac Mines and Stikeman Elliott LLP acted as
Canadian legal counsel to the underwriters. Dorsey & Whitney, LLP acted as U.S. legal counsel to Cadillac
Mines and Skadden, Arps, Slate, Meagher & Flom LLP acted as U.S. legal counsel to the underwriters.
The Common Shares are listed on the Toronto Stock Exchange under the symbol “CADY”.
The Offering was completed pursuant to Cadillac Mines’ supplemented PREP prospectus dated July 23,
2026 (the “ Supplemented Prospectus ”) filed with the securities regulatory authorities in each of the
provinces and territories of Canada, a copy of which is available under the Company’s profile on SEDAR+
at www.sedarplus.com.
No securities regulatory authority has either approved or disapproved the contents of this news release.
The securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the securities may not be
offered or sold within the United States unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and
705-998-4392
www.cadillacmines.com
Corporate Office
123 Front Street West, Suite 905
Toronto, ON M5J 2M2
Project Office
1 Kerr Mine Road
Virginiatown, ON P0K 1X0
applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an
offer to buy any securities of Cadillac Mines in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
About Cadillac Mines
Cadillac Mines Corporation is a Canadian mineral exploration company advancing a growing portfolio of
gold and critical mineral projects along the prolific Cadillac -Larder Lake Break in Ontario and Québec.
Anchored by the historic Kerr-Addison Mine, the Company is focused on expanding its gold resource base,
advancing the Geminid nickel deposit and unlocking the broader potential of its district -scale Abitibi land
position. Through disciplined exploration, technical excellence and responsible development, C adillac
Mines is working to create lasting value for shareholders, communities and other stakeholders. For more
information about the Company, please visit www.cadillacmines.com.
Early Warning Disclosure
Pierre Lassonde acquired 1,500,000 Common Shares in the Offering at the CS Offering Price for an
aggregate purchase price of $10,350,000. Immediately prior to his acquisition of Common Shares and the
closing of the Offering, Pierre Lassonde, together with his joint actors, owned or exercised control over
33,987,280 Common Shares and 3,409 deferred share units, each exercisable for one Common Share
(“DSUs”), representing approximately 14.44% of the issued and outstanding Common Shares on a partially-
diluted basis. Immediately following the closing of the Offering, Pierre Lassonde, together with his joint
actors, owns or exercises control over 35,487,280 Co mmon Shares and 3,409 DSUs, representing
approximately 13.18% of the issued and outstanding Common Shares on a partially -diluted basis,
representing an approximately 1.26% decrease in Mr. Lassonde’s securityholding percentage.
Mr. Lassonde, together with his joint actors, intend to continue holding the securities for investment
purposes and do not currently intend to acquire or dispose of any additional securities of the Company.
Nonetheless, Pierre Lassonde and his joint actors may, dependin g on price, market conditions or other
conditions or factors they consider relevant from time to time, increase or decrease their beneficial
ownership, control or direction over Common Shares or other securities of the Company through market
transactions, private agreements or otherwise.
For further information, including a copy of the corresponding early warning report to be filed by Mr.
Lassonde with the applicable Canadian securities regulatory authorities, please visit www.sedarplus.com
or contact Hannes Portmann, Chief Financial Officer of the Company, by email at the email address listed
below or by telephone at 705.998.4392.
Forward-Looking Statements
This press release may contain forward -looking information within the meaning of applicable securities
laws. Statements containing forward -looking information are not historical facts but instead represent
management’s expectations, estimates and projections regarding future events or circumstances. Forward-
looking information is necessarily based on a number of opinions, estimates and assumptions that, while
considered by the Company to be appropriate and reasonable as of the date of this release, are subject to
known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to
differ materially from those expressed or implied by such forward -looking information. Such risks and
uncertainties include, but are not limited t o, factors discussed under “Risk Factors” in the Supplemented
Prospectus. Cadillac Mines undertakes no obligation to publicly update or review any forward -looking
information, whether as a result of new information, future events or otherwise, except as expressly required
under applicable securities laws.
705-998-4392
www.cadillacmines.com
Corporate Office
123 Front Street West, Suite 905
Toronto, ON M5J 2M2
Project Office
1 Kerr Mine Road
Virginiatown, ON P0K 1X0
For further information, please contact:
Hannes Portmann, Chief Financial Officer