representative work

Cassels Represents the Agents in IMPACT Silver Corp.’s $9.5 Million Private Placement

08/20/2020

On August 20, 2020, IMPACT Silver Corp. closed a brokered private placement of 10,049,096 units at a price of $0.95 per unit for aggregate gross proceeds of approximately $9.5 million. Each unit is comprised of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share at a price of $1.30, for a period of 24 months from the closing of the offering.

In connection with the offering, Red Cloud Securities Inc. acted as lead agent, on behalf of a syndicate of agents, including Canaccord Genuity Corp. and Mackie Research Capital Corp.

Cassels acted for the agents with a deal team that included Chad Accursi, Randall Blom and Jesse Tepperman (Securities and Mining).