representative work

Cassels Represents the Underwriters in Star Royalties’ Initial Public Offering

02/19/2021

On February 19, 2021, Star Royalties Ltd. closed its initial public offering of 34,286,000 units at a price of $0.70 per unit for total gross proceeds of approximately $24 million. Each unit is comprised of one common share and one common share purchase warrant of Star Royalties. Each warrant entitles the holder to purchase one common share at a price of $1.00 until February 19, 2024. The common shares and warrants of Star Royalties will commence trading on the TSX Venture Exchange under the symbols “STRR” and “STRR.WT”, respectively, on February 19, 2021.

The offering was conducted by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Desjardins Capital Markets, and including Haywood Securities Inc., Cormark Securities Inc. and Eight Capital.

Cassels acted for the underwriters with a deal team that included Chad Accursi, James Lyle, Jasmine Qin, Tiffany Chiu and Aamir Chherawala (Securities and Mining) and Chris Norton and Tera Li Parizeau (Tax).