On December 24, 2020, Adyton Resources Finance Company Ltd. completed a brokered private placement of 28,758,886 subscription receipts for gross proceeds of approximately $8.6 million.
The private placement was conducted on a best efforts basis by a syndicate of agents led by Eight Capital and including Cormark Securities Inc., PI Financial Corp. and Jett Capital Advisors, LLC.
Cassels acted for the agents with a deal team including Chad Accursi, Kyle Simpson, Randall Blom and Reza Sarsangi (Securities and Mining).