TransactionsRodinia Lithium Inc. Closes $11.5 Million Bought Deal Equity FinancingPublished: 02/11/2011 By Andre Boivin, Jonathan Tkatch, John P. Vettese On February 8, 2011, Rodinia Lithium Inc. ("Rodinia" or the "Company") closed a $11.5 million bought deal equity offering, sold by a syndicate of underwriters on a bought deal basis led by Dundee Securities Ltd., and including Byron Securities Limited, Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. The financing consisted of 19,837,500 units of Rodinia sold at $0.58 per unit for gross proceeds of $11,505,750, including the exercise of the underwriters’ over-allotment option for 2,587,500 units. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each warrant is exercisable for one common share at a price of $0.75 any time up until 5:00pm (Toronto time) on August 8, 2012. In consideration for their services, the Underwriters received a cash commission and 962,026 compensation warrants that will entitle them to acquire an equal number of common shares at a price of $0.58 per share on or before August 8, 2012. Cassels Brock acted for Rodinia with a team that included John Vettese (Securities and Mining), André Boivin (Securities and Mining) and Jonathan Tkatch (Securities). Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. |