representative work

Cassels Represented Red Pine in $5.5 Million Bought Deal Financing


On September 29, 2022, Red Pine Exploration Inc. closed a “bought deal” private placement, including the partial exercise of the over-allotment option, comprised of (i) 7,693,000 common shares at a price of $0.26 per share and (ii) 11,726,599 flow-through common shares at a price of $0.30 per flow-through share, for aggregate gross proceeds of approximately $5.5 million.

The offering was conducted on a “bought deal” basis by a syndicate of underwriters led by Haywood Securities Inc., as lead underwriter and sole bookrunner, and included Canaccord Genuity Corp. and Laurentian Bank Securities Inc.

Cassels acted for Red Pine.

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