On April 15, 2021, Talisker Resources Ltd. closed a non-brokered private placement of 37,366,932 flow-through shares at a price of $0.51 per flow-through share for total gross proceeds of $19.1 million.
Immediately following the completion of the offering, New Gold Inc. acquired 37,366,932 common shares, representing approximately 14.9% of Talisker’s outstanding common shares. In connection with New Gold acquiring its interest, New Gold and Talisker entered into an investor rights agreement.
Cassels acted for Talisker.