On November 19, 2020, Gold Bull Resources Corp. closed a brokered private placement of 27,602,000 units at a price of $0.50 per unit for aggregate gross proceeds of approximately $13.8 million. Each unit is comprised of one common share of Gold Bull and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share at a price of $0.75 for a period of 24 months from the closing of the offering. The net proceeds of the offering will be used in connection with Gold Bull’s acquisition of the Sandman project in Nevada, USA, and on exploration, development and general corporate purposes.
In connection with the offering, Canaccord Genuity Corp. acted as agent and sole bookrunner and Tectonic Advisory Partners, Bacchus Capital Advisers, and Aitken Murry acted as financial advisors to Gold Bull.
Cassels acted for Canaccord with a deal team that included Chad Accursi, Randall Blom and Jesse Tepperman (Securities and Mining).