representative work

Cassels Represents the Underwriters in Galway Metals’ $10.5 Million Bought Deal Private Placement


On May 26, 2022, Galway Metals Inc. closed a bought deal private placement offering for aggregate gross proceeds of approximately $10.5 million, consisting of the sale of 6,666,700 common shares that qualify as “flow-through shares” at a price of $0.60 per flow-through share, and 15,294,200 hard dollar common shares at a price of $0.425 per hard dollar share.

The offering was led by Paradigm Capital Inc. on behalf of a syndicate of underwriters, which included Laurentian Bank Securities Inc., BMO Nesbitt Burns Inc., Haywood Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc.

Cassels acted for the underwriters with a deal team that included Chad Accursi, Randall Blom and Maria Christodoulou (Securities and Mining), Tera Li Parizeau (Taxation), Haley Williams (Law Clerk) and Neil Burnside (Student at Law).

RELATED EXPERTISE: Securities | Mining