representative work

Cassels Represents the Agent in Mistango River Resources’ $3.1 Million Private Placement

09/29/2020

On September 29, 2020, Mistango River Resources Inc. completed a brokered private placement led by Echelon Wealth Partners Inc. The offering, which was completed on a best-efforts agency basis, consisted of the sale of 3,708,272 units at a price of $0.22 per unit and 8,324,850 flow-through units at a price of $0.28 per flow-through unit, which included the partial exercise of the over-allotment option granted to the agent. Each unit was comprised of one common share of Mistango and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.30 for a period of 24 months from the closing of the offering. Each flow-through unit was comprised of one common share of Mistango and one-half of one common share purchase warrant, each issued on a flow-through basis, with each whole warrant entitling the holder to acquire one common share at a price of $0.35 for a period of 24 months from the closing of the offering.

Cassels acted for Echelon with a deal team that included David Gardos and David Singh (Mining and Securities), Tom Kapsales (Mining and Real Estate & Development), and Christopher Norton and Tera Li Parizeau (Tax).