On October 7, 2025, Hemlo Mining Corp. (then Carcetti Capital Corp.) completed a bought deal private placement of subscription receipts, pursuant to which 339,268,500 subscription receipts were issued at a price of $2.00 per subscription receipt for gross proceeds of approximately $678.5 million. The private placement was completed in connection with the acquisition of the Hemlo Gold Mine from Barrick Mining Corporation.
The syndicate of underwriters was led by Scotiabank, as lead underwriter and sole bookrunner, and included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., Stifel Nicolaus Canada Inc. and Agentis Capital Markets.
Cassels acted for the underwriters.