representative work

Cassels Represents the Underwriters in Gold Mountain’s $18.5 Million Bought Deal Public Offering


On April 21, 2022, Gold Mountain Mining Corp. closed a bought deal public offering of 14,800,000 units of the company at a price of $1.25 per unit for aggregate gross proceeds of $18.5 million.

Gold Mountain intends to use the net proceeds of the offering for the development of the Elk Gold Project, for the repayment of certain debt obligations, and for working capital and general corporate purposes.

The offering was led by Eight Capital as lead underwriter and sole bookrunner, and on behalf of a syndicate of underwriters including  Canaccord Genuity Corp. and Research Capital Corporation.

Cassels acted for the underwriters on this deal.

RELATED EXPERTISE: Securities | Mining | Tax & Trusts