On September 26, 2023, Luca Mining Corp. completed a best efforts brokered private placement pursuant to the “Listed Issuer Financing Exemption” of 19,000,000 units at a price of $0.45 per unit for gross proceeds of approximately $8.5 million.
Each unit consisted of one common share and one-half of one common share purchase warrant of Luca. Each whole warrant entitles the holder to purchase one common share at a price of $0.60 until March 26, 2026. The offering was completed through a syndicate of agents led by Stifel, as lead agent and sole bookrunner, and included Haywood Securities Inc., Ventum Financial Corp., BMO Capital Markets and Canaccord Genuity Inc.
Cassels acted for the agents.