On February 4, 2021, Moneta Porcupine Mines Inc. closed a bought deal private placement of 17,343,700 common shares at a price of $0.32 per common share and 30,435,000 flow-though shares at a price of $0.46 per flow-through share for aggregate gross proceeds of approximately $19.6 million, which includes the exercise in full of the underwriters’ over-allotment option.
The offering was conducted through a syndicate of underwriters co-led by Paradigm Capital Inc. and Dundee Goodman Merchant Partners, and including Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc. and Sprott Capital Partners LP.
Cassels acted for the underwriters.