On July 30, 2020, Idaho Champion Gold Mines Canada Inc. closed a bought deal prospectus offering of 26,910,000 units at a price of $0.30 per unit for aggregate gross proceeds of approximately $8 million, which includes the exercise of the underwriters’ over-allotment option in full.
The offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Echelon Wealth Partners Inc. and PI Financial Corp.
Cassels acted for the underwriters with a deal team that included Sean Maniaci, Jamie Litchen and David Singh (Securities and Mining).