representative work

Cassels Represents the Underwriters in Global Blockchain’s $43 Million Private Placement

12/21/2017

On December 21, 2017, Global Blockchain Technologies Corp. closed a private placement of 16,849,170 units at a price of $2.55 per unit, for gross proceeds of approximately $43 million. Each unit consists of one common share of Global Blockchain and one common share purchase warrant.

The offering was led by Canaccord Genuity Corp. with a syndicate of underwriters including Clarus Securities Inc., Eight Capital and Haywood Securities Inc.

Cassels acted for the underwriters with a deal team that included Andrea FitzGerald and Jackson Phillips (Securities and Emerging Companies).