representative work

Cassels Represents the Underwriters in Lucara Diamond’s $41.4 Million Financing

07/15/2021

Team: Jen Hansen

On July 15, 2021, Lucara Diamond Corp. closed a bought deal financing (the “Offering”) and concurrent private placement for aggregate gross proceeds of approximately $41.4 million.

A total of 33,810,000 common shares of Lucara were sold at a price of $0.75 per common share pursuant to the Offering, for aggregate gross proceeds of approximately $25.4 million. The common shares issued pursuant to the Offering were offered by way of a short form prospectus filed in British Columbia, Alberta, Manitoba, Ontario and Quebec. The Offering was conducted through a syndicate of underwriters comprised of BMO Capital Markets and Scotia Capital Inc.

Cassels acted for the underwriters.

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