representative work

Prime Mining Completes $28.8 Million Private Placement


Team: Sam Cole

On April 27, 2021, Prime Mining Corp. closed a bought deal private placement of 9,746,250 units at a price of $2.95 per unit for gross proceeds of approximately $28.8 million, which includes the full exercise of the underwriters’ over-allotment option.

Each unit consists of one common share of Prime Mining and one half of one common share purchase warrant exercisable at a price of $5.00 until April 27, 2024.

Cassels acted for Prime Mining.

RELATED EXPERTISE: Securities | Mining