Cassels Brock Represents Sandspring Resources Ltd. in Its $25 Million Bought Deal Offering

Published: 06/07/2012

By Eva Bellissimo, Andrea FitzGerald, Jay Goldman, Jennifer Hansen

On March 30, 2012, Sandspring Resources Ltd. (“Sandspring”) completed its bought deal offering of 23,150,000 common shares at $1.08 per share.  The total gross proceeds of the transaction was $25,000,000.

The syndicate of underwriters was co-led by RBC Dominion Securities Inc. and Scotia Capital Inc. and included BMO Nesbitt Burns Inc. and Clarus Securities Inc. (collectively the “Underwriters”).

Cassels Brock acted as counsel to Sandspring with a team that included Jay Goldman (Securities and Mining), Andrea Fitzgerald (Securities and Mining), Eva Bellissimo (Securities and Mining) and Jennifer Hansen (Securities).