representative work

Cassels Represents the Underwriters in Monarch Mining’s $6.7 Million Private Placement


On June 29, 2021, Monarch Mining Corporation closed a bought deal private placement of 8,319,500 units at a price of $0.80 per unit for aggregate gross proceeds of approximately $6.7 million, which includes a partial exercise of the underwriters’ over-allotment option. Each unit consists of one common share of Monarch and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share of Monarch at a price of $1.05 for a period of 24 months from the date of issuance thereof.

The offering was completed through Sprott Capital Partners LP and Stifel GMP, as co-lead underwriters and joint bookrunners.

Cassels acted for the underwriters.

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