On October 13, 2021, Crystal Peak Minerals Inc. closed a private placement of 2,248,936 subscription receipts at a price of $2.65 per subscription receipt for aggregate gross proceeds of approximately $6 million. The offering was completed in connection with the proposed reverse take-over of Crystal Peak by Western Exploration LLC.
The offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., as co-lead agents, and Cormark Securities Inc.
Cassels acted for the agents.