representative work

Cassels Represents Stifel GMP in Osino Resources’ $17.71 Million Bought Deal Offering


On July 14, 2020, Osino Resources Corp. closed a bought deal prospectus offering of 16,100,000 units at a price of $1.10 per unit for aggregate gross proceeds of $17.71 million, which includes the exercise in full of the over-allotment option. Each unit consisted of one common share and one-half of one common share purchase warrant in Osino, with each warrant entitling the holder to purchase one common share at a price of $1.50 at any time on or before July 14, 2021.

The offering was led by Stifel GMP on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp., Cormark Securities Inc., Echelon Wealth Partners Inc. and M Partners Inc.

Cassels acted for Stifel GMP with a deal team that included Jay Goldman, Nancy Choi, Florence Lau and Heesoo Kim (Securities and Mining) and Chris Norton and Tera Li Parizeau (Tax).

RELATED EXPERTISE: Securities | Mining | Taxation