Transaction
Rubicon Minerals Corp. Closes $86 Million Bought Deal Financing
By Chad Accursi, Nancy Choi, Angela Chu, Christopher B. Norton
On November 12, 2009, Rubicon Minerals Corporation closed a bought deal equity financing of 18,975,000 common shares (which includes the exercise in full of the over-allotment option of 2,475,000 common shares) at a price of Cdn$4.55 per share for aggregate gross proceeds to the Company of Cdn$86,336,250.
GMP Securities L.P. and TD Securities Inc. were co-lead underwriters in a syndicate that included Research Capital Corporation, Macquarie Capital Markets Canada Ltd., BMO Capital Markets, Dundee Securities Corporation, Sandfire Securities Inc. and Thomas Weisel Partners Canada Inc.
The common shares were offered by way of a short form prospectus filed in all of the provinces of Canada, other than Québec, pursuant to National Instrument 44-101 - Short Form Prospectus Distributions and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
Cassels Brock represented the underwriting syndicate with a team that included Chad Accursi (Securities and Mining), Chris Norton (Tax), Nancy Choi (Securities) and Angela Chu (Securities).