TransactionsCassels Brock Acts For the Agents As Huldra Silver Inc. Closes Special Warrant OfferingPublished: 07/14/2011 By Gregory Hogan, Adria W. Leung, Sean Maniaci, Christopher B. Norton, Umesh (Mason) Shan, John P. Vettese On July 14, 2011, Huldra Silver Inc. (“Huldra” or the “Company”) announced that it raised aggregate gross proceeds of $9,336,763 by way of a brokered private placement of 6,476,880 special warrants at a price of $1.05 per special warrant and 2,113,366 flow-through special warrants at a price of $1.20 per flow-through Special Warrant. The Offering was completed pursuant to an agency agreement dated July 14, 2011 among Huldra, National Bank Financial and Pope & Company. Bayfront Capital Partners Ltd. received a finder’s fee in connection with the Offering. Each special warrant entitles the holder thereof, upon the exercise of each special warrant, to receive, without payment of additional consideration, one common share of the Company and one common share purchase warrant. The warrants are governed by a warrant indenture dated July 14, 2011 between Huldra and Computershare. Each warrant entitles the holder thereof to acquire one additional common share at a price of $1.35 per warrant share until July 14, 2013. The flow-through special warrants were issued as “flow-through shares” as defined in subsection 66(15) of the Income Tax Act (Canada). Each flow-through special warrant entitles the holder thereof, upon the exercise of each flow-through special warrant, to receive, without payment of additional consideration, one common share. Cassels Brock acted for the agents and Bayfront Capital Partners Ltd. with a team consisting of John Vettese (Securities and Mining), Gregory Hogan (Securities and Mining), Sean Maniaci (Securities and Mining), Mason Shan (Securities), Adria Leung (Securities) and Christopher Norton (Corporate Tax). |