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Cassels Brock Represents the Underwriters in Pure Gold's $13.2 Million Bought Deal Private Placement

Published: 02/22/2017

Team: Jennifer Traub, Samantha Prest, Christopher B. Norton

On February 22, 2017, Pure Gold Mining Inc. completed a $13.2 million bought deal private placement. A total of 17,600,000 flow-through common shares were issued at a price of $0.75 per share, including exercise in full of the underwriters' option, for gross aggregate proceeds of $13,200,000. The proceeds raised will be used by Pure Gold to fund surface exploration in Ontario.

The offering was completed through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and included Haywood Securities Inc., Canaccord Genuity Corp., Beacon Securities Limited, Cormark Securities Inc. and Raymond James Ltd. In connection with the offering, Pure Gold paid to the underwriters a cash commission equal to 6.0% of the gross proceeds of the offering.

Cassels Brock represented the underwriters with a team composed of Jennifer Traub and Samantha Prest (mining/securities) and Chris Norton (tax).