On June 18, 2021, KORE Mining Ltd. completed a bought deal public offering of 8,422,000 units at a price of $0.95 per unit for aggregate gross proceeds of approximately $8 million. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable for one common share at a price of $1.35 until June 18, 2023.
The offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including PI Financial Corp. and Cormark Securities Inc.
Cassels acted for the underwriters.