TransactionsDalradian Resources Inc. Closes $39 Million Initial Public OfferingPublished: 09/03/2010 By Nancy Choi, Angela Chu, Jay Goldman, Michael Noonan, Christopher B. Norton On August 10, 2010, Dalradian Resources Inc. closed its initial public offering of 22,700,000 units of the Company at a price of $1.50 per unit for aggregate gross proceeds of $34,050,000. Each unit consists of one common share of the Company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company at an exercise price of $2.25 until August 10, 2011. On August 25, 2010, the Company issued an 3,400,000 additional units as a result of the exercise the over-allotment option by the agents for aggregate gross proceeds of $39,150,000. The common shares and the warrants are listed on the Toronto Stock Exchange under the symbols "DNA" and "DNA.WT," respectively. GMP Securities L.P. and Dundee Securities Corporation co-led the syndicate, which included Clarus Securities Inc. and Cormark Securities Inc. Cassels Brock acted for Dalradian Resources Inc. with a team that included Jay Goldman (Securities), Nancy Choi (Securities), Angela Chu (Securities), Michael Noonan (Securities) and Christopher Norton (Tax). |