On October 30, 2020, Gatos Silver, Inc., a U.S.-based precious metals production, development and exploration company, closed its initial public offering of 21,430,000 common shares at a price of US$7.00 per share for gross proceeds US$150 million (US$172.5 million with the subsequent exercise of the over-allotment option). This concurrent IPO in Canada and the US with dual listings on the TSX and NYSE, represented the first time that an issuer filed a technical report with the OSC that complied with both National Instrument 43-101 and SEC Regulation S-K 1300 for technical reports. Gatos Silver, Inc. voluntarily opted to comply with new SEC rules prior to coming into effect which allowed the disclosure of mineral resource estimates in the US prospectus.
Fasken advised Gatos Silver, Inc. with a team led by Nancy Eastman ( Corporate Finance) which included, Taisha Lewis, John Turner, Laura Konkel, Brad Freelan and Zach Austin (Corporate Finance) and Mitchell Thaw (Tax).
Jurisdiction
- Ontario
