On April 12, 2018, Aguia Resources Limited completed a bought deal private placement of 14,285,800 units at a price of $0.35 per unit for aggregate gross proceeds of approximately $5 million. Each unit consists of one ordinary share of Aguia and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to acquire one ordinary share of Aguia at an exercise price of $0.60 until April 12, 2021.
The offering was conducted by a syndicate of underwriters co-led by Echelon Wealth Partners Inc. and PI Financial Corp., and including Mackie Research Capital Corporation and Jett Capital Advisors LLC.
Cassels Brock acted as external counsel to Aguia with a deal team that included Gordon Chambers, Jamie Litchen and Chad Podolsky (Securities and Mining).