On September 22, 2020, Pasofino Gold Limited closed a bought deal private placement led by Stifel GMP, on its own behalf and on behalf of a syndicate of underwriters including Beacon Securities Limited, Clarus Securities Inc., PI Financial Corp., Eight Capital and Haywood Securities Inc.
Pursuant to the offering, Pasofino Gold issued 33,400,000 Special Warrants at a price of $0.30 per Special Warrant. Each Special Warrant, subject to a penalty provision and adjustments in certain circumstances, will be exercisable into one Unit of the Company. Each Unit consists of one Common Share of the Company and one‐half of one Common Share Purchase Warrant, with each whole Warrant being exercisable to acquire one Common Share at an exercise price of $0.40 per share for a period of 12 months following closing of the offering.
Fasken advised Pasofino Gold in completing this transaction with a team comprised of Krisztian Toth (Lead), Florind Polo (Corporate Finance), Allison Marks (Corporate Finance), Jordana Keslassy (Corporate Finance) and Heather Whiteside (Articling Student).Jurisdiction
- Ontario
