representative work

Josemaria Resources Completes $52 Million Financing

04/19/2021

On April 19, 2021, Josemaria Resources Inc. closed a bought deal financing and concurrent private placement for aggregate gross proceeds of approximately $52 million.

Pursuant to the bought deal financing, Josemaria issued 16,675,000 common shares at a price of $0.69 per share for gross proceeds of approximately $11.5 million, which includes the full exercise of the underwriters’ over-allotment option.

Pursuant to the concurrent private placement, Josemaria issued approximately 58,000,000 common shares at a price of SEK 4.74 (corresponding to approximately $0.69) per share for gross proceeds of approximately $40.5 million.

Cassels acted for Josemaria.

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