TransactionsCassels Brock Acts for the Agents as Tolima Gold Inc. Completes Its Reverse Take-Over TransactionPublished: 01/06/2012 By Myroslav Chwaluk, Jennifer Traub On December 5, 2011, Tolima Gold Inc. (“Tolima”, formerly FMX Ventures Inc.) completed its previously announced reverse take-over transaction of Tolima Gold Corp. (“TGC”) through a three-cornered amalgamation whereby TGC amalgamated with a wholly-owned subsidiary of Tolima. In connection with the reverse take-over, TGC completed a brokered private placement of 38,500,000 subscription receipts at a price of $0.65 per subscription receipt for gross proceeds of $25,025,000 on November 17, 2011. The private placement was effected through a syndicate of agents led by GMP Securities L.P. and which included Clarus Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Fraser Mackenzie Limited, with the net proceeds of the private placement placed into escrow. Upon completion of the amalgamation, the net proceeds of the private placement were released to TGC, the subscription receipts were automatically exchanged for common shares and warrants of TGC, the outstanding securities of TGC were exchanged for securities of Tolima and the business of TGC became the business of Tolima. Tolima is a gold exploration and development company with contractual interests in gold properties in Colombia. Cassels Brock acted for the agents with a team that included Jennifer Traub (Securities/Mining) and Myroslav Chwaluk (Securities). |