representative work

TerraX Completes $5.5 Million Bought Deal Financing


On December 27, 2019, TerraX Minerals Inc. completed a bought deal offering of $5 million. In addition, the underwriter exercised the full over-allotment option, purchasing an additional 2 million common shares on January 17, 2020, for additional proceeds of $500,000. In total, 22 million common shares were issued at a price of $0.25 per share, for gross proceeds of $5.5 million. BMO Capital Markets acted as sole underwriter.

Cassels acted for TerraX with a deal team that included Jennifer Traub and Aimee O’Donnell (Securities and Mining).

RELATED EXPERTISE: Securities | Mining