representative work

Cassels Represents the Underwriters in Metallic Minerals’ $8 Million Private Placement


On August 13, 2020, Metallic Minerals Corp. completed a private placement of 20,000,000 units at a price of $0.40 per unit for gross proceeds of $8 million. Each unit consisted of one common share and a half warrant. Each whole warrant is exercisable into a common share for 24 months at a price of $0.60.

The offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters including Red Cloud Securities Inc. and Mackie Research Capital Corporation.

Cassels acted for the underwriters with a deal team that included Jennifer Traub and Aimee O’Donnell (Securities and Mining).

RELATED EXPERTISE: Securities | Mining