On June 23, 2020, Troilus Gold Corp. completed a bought deal prospectus offering of 24,150,000 units at a price of $1.05 per unit for gross proceeds of approximately $25.36 million, which includes the exercise in full of the underwriters’ over-allotment option. Each unit consists of one common share and one-half of one common share purchase warrant of Troilus. Each warrant entitles the holder to acquire one common share at a price of $1.50 until June 23, 2022.
Cassels acted for Troilus with a deal team that included Chad Accursi, Shaun Khullar, Kyle Simpson and Jasmine Qin (Securities and Mining) and Chris Norton (Tax).