On June 16, 2020, Clean Air Metals Inc. closed a private placement of 13,400,000 common shares that will qualify as flow-through shares at a price of $0.50 per flow-through share, for aggregate gross proceeds of $6.7 million.
In connection with the offering, Paradigm Capital Inc. acted as lead agent, on behalf of a syndicate of agents, including Clarus Securities Inc. and Beacon Securities Limited.
Cassels acted for the agents with a deal team that included Chad Accursi, Randall Blom and Heesoo Kim (Securities and Mining) and Chris Norton (Tax).