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Anaconda Mining Inc. Completes $4.5 Million Private Placement

Published: 06/26/2018

Team: Paul M. Stein, Alexander Pizale, James Lyle, Christopher B. Norton

On June 26, 2018, Anaconda Mining Inc. completed the second and final tranche of a non-brokered private placement of an aggregate of 10,890,952 flow-through units at a price of $0.41 per unit, for aggregate gross proceeds of $4.5 million.

Each flow-through unit consists of one flow-through common share of Anaconda and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of Anaconda at a price of $0.55 per warrant for a period of two years from the applicable closing date.

Cassels Brock acted for Anaconda with a deal team that included Paul Stein, Alexander Pizale and James Lyle (Mining and Securities) and Christopher Norton (Tax).