representative work

Josemaria Resources Completes $31 Million Financing

08/18/2020

On August 18, 2020, Josemaria Resources Inc. closed a bought deal financing and concurrent private placement for aggregate gross proceeds of approximately $31 million.

Pursuant to the bought deal financing, Josemaria issued 17.25 million common shares at a price of $0.67 per share for gross proceeds of approximately $11.6 million, which includes the exercise of the underwriters’ over-allotment option in full.

Pursuant to the private placement, Josemaria issued approximately 29 million common shares at a price of $0.67 per share for gross proceeds of approximately $19 million.

Cassels acted for Josemaria with a deal team that included Jen Hansen, Jackson Phillips and Aimee O’Donnell (Securities and Mining) and Chris Norton and Tera Li Parizeau (Tax).