representative work

Cassels Represents the Agents in INX’s $39.6 Million Private Placement


On April 1, 2021, INX Limited, a company that provides a regulated trading platform for digital securities and cryptocurrencies, completed a private placement of 31,680,000 subscription receipts at a price of $1.25 per subscription receipt for aggregate gross proceeds of $39.6 million in connection with a reverse take-over of Valdy Investments Ltd.

The financing was conducted through a syndicate of agents led by PI Financial Corp. and Eight Capital, and including Beacon Securities Limited and Cormark Securities Inc.

Cassels acted for the agents.