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Cassels Brock Represents the Underwriters in GFG Resources Inc.'s $5 Million Bought Deal Financing

Published: 02/22/2017

Team: Chad Accursi, Kyle Simpson

On February 22, 2017, GFG Resources Inc. completed its bought deal private placement of 4,350,000 common shares at a price of $1.15 per share for aggregate gross proceeds of $5,002,500. The offering was completed by a syndicate of underwriters led by Cormark Securities Inc. and included Macquarie Capital Markets Canada Ltd, BMO Capital Markets and Mackie Research Capital Corporation. In consideration for their services, GFG has paid the underwriters a cash commission of 6% of the gross proceeds of the offering.

Cassels Brock acted for the underwriters with a deal team that included Chad Accursi and Kyle Simpson (Securities and Mining).