On February 24, 2023, Silver Tiger Metals Inc. (“Silver Tiger”), a mineral exploration company engaged in exploring for gold and silver, announced the closing of its previously announced bought deal for gross proceeds of approximately C$18 million with a syndicate of underwriters led by BMO Capital Markets, and including Desjardins Securities Inc., PI Financial Corp., Sprott Capital Partners LP, Echelon Wealth Partners Inc. and Eight Capital.
Silver Tiger issued an aggregate of 58,100,000 common shares at a price of C$0.31 per share. The proceeds are anticipated to be used for the continuation of the El Tigre mining project and for general corporate purposes.
Fasken advised Silver Tiger with a team led by Bradley Freelan and including Florind Polo, David Pak, and Andreea Andrei.
Jurisdiction
- Ontario
