representative work

Cassels Represents the Underwriters in Frontier Lithium’s $23 Million Bought Deal Offering


On November 10, 2022, Frontier Lithium Inc. completed a bought deal prospectus offering of 10,465,000 units at a price of $2.20 per unit, for aggregated gross proceeds of approximately $23 million, which includes 1,365,000 units issued in connection with the exercise of the underwriters’ over-allotment option in full.

Each unit consists of one common share of Frontier Lithium and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of Frontier Lithium at a price of $2.75 for a period of 36 months following the closing of the offering.

The offering was completed through a syndicate of underwriters co-led by RBC Dominion Securities Inc. & Goldman Sachs Canada Inc., and included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Stifel Nicolaus Canada Inc. The Underwriters received a cash commission equal to 5.5% of the gross proceeds of the offering.

Cassels acted for the underwriters.

RELATED EXPERTISE: Securities | Mining