On July 30, 2020, Filo Mining Corp. closed a bought deal financing and concurrent private placement for aggregate gross proceeds of approximately $41.7 million. Pursuant to the bought deal financing, Filo Mining issued 6,325,000 common shares at a price of $1.85 per common share for aggregate gross proceeds of approximately $11.7 million. Pursuant to the private placement, Filo Mining issued 16,213,235 common shares at a price of $1.85 per common share for additional aggregate gross proceeds of approximately $30 million.
Cassels acted for Filo Mining with a deal team that included Jen Hansen, Jackson Phillips and Aimee O’Donnell (Securities and Mining) and Chris Norton (Tax).