representative work

Cassels Represents the Underwriters in Pasofino Gold’s $10.02 Million Financing

09/22/2020

On September 22, 2020, Pasofino Gold Limited completed a bought deal private placement of 33,400,000 special warrants at a price of $0.30 per special warrant for gross proceeds of $10.02 million.

Each special warrant will be exercisable into one unit of Pasofino Gold. Each unit consists of one common share and one‐half of one common share purchase warrant, with each whole warrant being exercisable to acquire one common share of Pasofino Gold at a price of $0.40 for a period of 12 months following the closing of the offering.

The offering was led by Stifel GMP, on its own behalf and on behalf of a syndicate of underwriters including Beacon Securities Limited, Clarus Securities Inc., PI Financial Corp., Eight Capital and Haywood Securities Inc.

Cassels acted for the underwriters with a deal team that included Jay Goldman, Nancy Choi, Kyle Simpson, Jasmine Qin and Heesoo Kim (Securities and Mining).

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RELATED EXPERTISE: Securities | Mining