representative work

Cassels Represents the Agents in Galane Gold’s $9.68 Million Private Placement


On April 8, 2021, Galane Gold Ltd. completed a private placement of 44,028,700 subscription receipts at a price of $0.22 per subscription receipt for aggregate proceeds of approximately $9.68 million. The private placement was completed in connection with Galane’s proposed acquisition of the Summit Mine and the infrastructure constituting the Banner Mill in New Mexico from Pyramid Peak Mining, LLC.

Each subscription receipt entitles the holder to receive one common share and one common share purchase warrant of Galane. Each warrant entitles the holder thereof to purchase one common share at a price of $0.30 for a period of three years following the closing of the acquisition.

The offering was conducted by Canaccord Genuity Corp. as lead agent on behalf of a syndicate of agents including Research Capital Corporation.

Cassels acted for the agents.

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