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Filo Mining Completes $25.5 Million Financing

Published: 02/28/2018

Team: Jen Hansen, David Hansford, Christopher B. Norton

On February 28, 2018, Filo Mining Corp. closed a bought deal financing and concurrent private placement for aggregate gross proceeds of approximately $25.5 million. Pursuant to the offering, a total of 5,894,231 common shares of Filo Mining, including 124,231 shares issued on partial exercise of the over-allotment option, were sold at a price of $2.60 per share, for aggregate gross proceeds of approximately $15.3 million.

Pursuant to the concurrent private placement, a total of 3,928,964 shares, including 82,810 shares issued to adjust for the partial exercise of the over-allotment option referenced above, were sold at a price of $2.60 per share, for additional aggregate gross proceeds of approximately $10.2 million. 

Cassels Brock acted for Filo Mining with a deal team that included Jen Hansen and David Hansford (Securities & Mining) and Chris Norton (Tax).