representative work

IMC International Mining Corp. Completes Brokered Private Placement


Team: Sam Chapman

On May 14, 2020, IMC International Mining Corp. announced the closing of its brokered private placement of units and flow-through shares led by Gravitas Securities Inc. for total gross proceeds of approximately $1.76 million.

The private placement consisted of 3,143,166 units of IMC at a price of $0.48 per unit and 400,000 common shares issued on a flow-through basis at a price of $0.65 per flow-through share. Each unit consists of one common share and one common share purchase warrant of IMC. Each warrant entitles the holder to purchase one additional common share of IMC at an exercise price of $0.60 for a period of two years from the date of issuance thereof.

Cassels acted for IMC with a deal team that included Deepak Gill, Sam Chapman and Sean Baraich (Securities and Mining) and Chris Norton (Tax).

RELATED EXPERTISE: Securities | Mining | Taxation