TransactionsCassels Brock Acts For Calvista Gold Corporation As It Closes Its Initial Public OfferingPublished: 06/22/2011 By Joan Beck, Jennifer Campbell, Michael Noonan, Paul M. Stein, France M. Tenaille, Luke Woolford On May 11, 2011 Calvista Gold Corporation (“Calvista”) announced that it successfully completed its initial public offering and will commence trading on the Toronto Stock Exchange. In connection with the Offering, Calvista issued an aggregate of 17,407,300 units (“Units”) at a price of $1.00 per Unit to raise aggregate gross proceeds of $17,407,300, all pursuant to a final prospectus dated April 25, 2011. Each Unit consists of one common share of Calvista and onehalf of one share purchase warrant (each whole such share purchase warrant, a “Warrant”), each Warrant entitling the holder thereof to acquire one additional common share of Calvista at an exercise price of $1.40 until May 11, 2013. The Offering was conducted by a syndicate of agents led by Haywood Securities Inc. and including GMP Securities L.P. and Stonecap Securities Inc. (collectively, the “Agents”). The Agents have also been granted an over-allotment option to sell up to an additional 3,000,000 Units at $1.00 per Unit, which may be exercised within 30 days after the closing date of the Offering. Calvista is focused on the exploration and development of its California property, located in the California mining district, Department of Santander, Colombia, South America. Cassels Brock acted for Calvista with a team consisting of Paul Stein (Securities & Mining), Jennifer Campbell (Securities & Mining), Joan Beck (Mining & Securities), Michael Noonan (Securities), France Tenaille (Business Law) and Luke Woolford (Business Law). |