On April 4, 2023, Blackwolf Copper and Gold Ltd. completed a private placement for aggregate gross proceeds of approximately $8.5 million. The offering consisted of the sale of: (i) 30,000,000 units at a price of $0.20 per unit for gross proceeds of $6 million; and (ii) 10,416,666 flow-through common shares at a price of $0.24 per flow-through common share for gross proceeds of $2.5 million.
Red Cloud Securities Inc. acted as the sole agent and bookrunner in connection with the brokered component of the offering. The offering included the full exercise of the agents’ over-allotment option.
Cassels acted for the agent.