On February 10, 2021, Neo Lithium Corp. completed a bought deal private placement of 9,900,000 special warrants at a price of $3.05 per special warrant for gross proceeds of approximately $30.2 million. Each special warrant will be exercisable for one common share in the capital of Neo Lithium.
The offering was led by Stifel GMP, as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters including Cormark Securities Inc., Canaccord Genuity Corp., Paradigm Capital Inc. and Eight Capital.
Cassels acted for the underwriters.