representative work

Cassels Represents Canaccord in Golden Shield’s $4.6 Million Private Placement


On April 18, 2023, Golden Shield Resources Corp. closed a brokered private placement of 23,000,000 units at a price of $0.20 per unit for gross proceeds of $4.6 million, which includes the full exercise of the agent’s over-allotment option.

Each unit consists of one common share in the capital of Golden Shield and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share of Golden Shield for a period of 24 months following the closing date at an exercise price of $0.30 for the 12 month period following the closing date, after which time the exercise price will increase to $0.40 for the remaining term of the warrants.

The offering was conducted on a “best efforts” basis led by Canaccord Genuity Corp. as sole agent.

Cassels acted for Canaccord.

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