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Cassels Brock Represents Allana Potash Corp. in its $20 Million Public Offering

Published: 02/02/2012

By Andre Boivin, John P. Vettese, Nicole Washington

Allana Potash Corp. ("Allana") announced on February 2, 2012, that it closed its public offering of 25,000,000 common shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.  The common shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (collectively, the “Underwriters”).

Cassels Brock acted for Allana with a team that included John Vettese (Securities and Mining), André Boivin (Securites and Mining) and Nicole Washington (Securities and Mining).

Goodmans LLP acted for the Underwriters.