On October 15, 2025, STLLR Gold Inc. completed a private placement financing for aggregate gross proceeds of approximately $36.6 million. The financing consisted of:
- A “bought deal” private placement led by Paradigm Capital Inc. and SCP Resource Finance LP of (i) 2,790,200 common shares in the capital of the Company that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a charitable flow-through basis at a price of $1.79 per share, (ii) 3,246,800 common shares that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a flow-through basis at a price of $1.54 per share and (iii) 5,166,026 common shares, which included a partial exercise of the underwriters’ option at a price of $1.28 per share;
- A brokered private placement led by Paradigm on a commercially reasonable “best efforts” agency basis of 11,719,000 common shares at a price of $1.28 per share; and
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A non-brokered private placement to Agnico Eagle Mines Limited of 3,907,000 common shares at a price of $1.28 per share.
Cassels acted for STLLR Gold with a deal team that included Alex Pizale, Stefan Politano and Clara Pencer (Capital Markets and Mining), Robert Lysy (Real Estate & Development), Tera Li Parizeau and Danielle Karlin (Tax & Trusts), and Kim Dodson (Law Clerk).