On August 18, 2022, Moneta Gold Inc. closed a “bought deal” brokered private placement of 6,000,000 common shares that qualify as “flow-through shares” at an issue price of $2.40 per flow-through share, and 608,000 common shares at a price of $1.645 per common share, for aggregate gross proceeds of $15.4 million, which included the exercise of the underwriters’ over-allotment option in full.
The offering was led by Stifel GMP, on behalf of itself and a syndicate of underwriters that included Haywood Securities Inc., iA Private Wealth Inc., Paradigm Capital Inc. and Sprott Capital Partners LP.
Cassels acted for the underwriters.