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INDUS Completes Reverse Takeover and Begins Trading on the CSE


On April 30, 2019, INDUS Holdings, Inc. (formerly, Mezzotin Minerals Inc.) completed its go-public transaction by way of a reverse takeover with Indus Holding Company and began trading on the Canadian Stock Exchange under the new symbol INDS.

In connection with the RTO, INDUS Holdings, Inc. completed a concurrent private placement through a special purpose finance company, pursuant to which an aggregate of 3,435,762 subscription receipts were issued at a price of C$15.65 per subscription receipt to raise aggregate gross proceeds of US$40 million. Beacon Securities Limited acted as lead agent and sole bookrunner in connection with financing, on behalf of a syndicate of agents, including Canaccord Genuity Corp., Cormark Securities Inc., Eight Capital and INFOR Financial Inc.

Cassels acted for Indus Holding Company.


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