representative work

Cassels Represents the Underwriters in Lundin Gold’s $46.6 Million Bought Deal Financing


On March 1, 2019, Lundin Gold Inc. closed a bought deal equity financing of 8,625,000 common shares at a price of $5.40 per common share for gross proceeds of approximately $46.6 million, which includes the exercise in full of the underwriters’ over-allotment option.

The offering was conducted through a syndicate of underwriters co-led by GMP Securities L.P. and BMO Capital Markets, and including CIBC Capital Markets, Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Eight Capital and Haywood Securities Inc.

Cassels acted for the underwriters with a deal team that included Chad Accursi, James Lyle, and Michael Britton (Securities), Christopher Norton (Tax) and Sam Massie (Financial Services).

RELATED EXPERTISE: Mining | Securities | Taxation | Banking & Specialty Finance