On February 17, 2022, Amex Exploration Inc. ("Amex"), a junior mining exploration company, closed a "bought deal" private placement in the amount of C$49,609,850 (the "Offering"), led by PI Financial Corp., on behalf of a syndicate of underwriters, including Haywood Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc. and iA Private Wealth Inc. (together, the "Underwriters"). In connection with the Offering, Amex issued a total of 10,295,500 common shares on a flow-through basis (each, a "FT Share"), at a price of C$4.82 per FT Share of which, 1,342,500 FT Shares were issued following the exercise of the Underwriters 15% over allotment option. The FT Shares issued in connection with the Offering will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec).
Fasken advised the Underwriters in connection with the Offering with a team comprised of Bradley Freelan, Markus Liik, Fatima Husnain, Taylor West, David Pivrnec (Articling Student), Mitchell Thaw and Claude E Jodoin.
Jurisdictions
- Ontario
- Québec
