On February 23, 2021, Gold Mountain Mining Corp. completed a brokered private placement of 10,310,000 units at a price of $0.97 per unit for aggregate gross proceeds of approximately $10 million. Each unit consists of one common share and one-half of one common share purchase warrant of Gold Mountain. Each warrant entitles the holder to purchase one common share at an exercise price of $1.25 for a period of 36 months following the closing.
The offering was led by Canaccord Genuity Corp. and Gravitas Securities Inc., as co-lead agents.
Cassels acted for the agents.