On June 11, 2020, Lundin Gold Inc. closed a bought deal equity offering conducted by BMO Capital Markets. A total of 4,772,500 common shares of Lundin, including the exercise of the underwriter‘s over-allotment option in full, were issued at a price of $12.05 per share for gross proceeds of approximately $57.5 million.
Cassels acted for BMO with a team that included Chad Accursi, James Lyle and Jasmine Qin (Securities and Mining), Lauren Grossman and Tristan Davis (Banking & Specialty Finance), and Chris Norton (Tax).