On July 7, 2021, Nighthawk Gold Corp. closed a bought deal public offering of 8,265,250 units at a price of $1.15 per unit and 11,589,500 flow-through units at a price of $1.51 per flow-through unit for aggregate proceeds of approximately $27 million, which includes the full exercise of the underwriters’ over-allotment option.
Each unit is comprised of one non flow-through common share and half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $1.50 until July 7, 2023. Each flow-through unit is comprised of one flow-through common share and half of one warrant, issued on a flow-through basis.
Cassels acted for Nighthawk.