representative work

Cassels Represents the Underwriters in Pure Gold’s $19.2 Million Private Placement

11/01/2017

On November 1, 2017, Pure Gold Mining Inc. completed a bought-deal private placement of 8,690,000 super FT shares at a price of $0.725 per super FT share, 8,061,125 FT shares at a price of $0.64 per FT share and 14,862,167 common shares at a price of $0.52 per common share for aggregate gross proceeds of $19.2 million. This includes the partial exercise of the underwriters’ option of 248,145 FT shares and 1,400,167 common shares.

The upsized offering was completed through a syndicate of underwriters lead by Macquarie Capital Markets Canada Ltd.

Cassels acted for the underwriters with a deal team composed of Jennifer Traub, Samantha Prest and Aimee O’Donnell (Securities and Mining) and Chris Norton (Tax).