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Prime Mining Closes $21 Million Bought Deal Private Placement


On December 22, 2022, Prime Mining Corp. completed a bought deal private placement of 14,030,000 units at a price of $1.50 per unit for gross proceeds of approximately $21 million, which includes the full exercise of the over-allotment option. Each unit consists of one common share and one common share purchase warrant exercisable at a price of $2.00 until December 22, 2025.

The offering was completed through a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc., and included BMO Capital Markets, PI Financial, and Stifel GMP.

Cassels acted for Prime.

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