On December 20, 2022, Elemental Altus Royalties Corp. ("Elemental Altus"), a gold-focused royalty company listed on the TSX-V, announced the closing of its previously announced non-brokered private placement of common shares of Elemental Altus (“Common Shares”).
Pursuant to the Offering, 3,970,997 Common Shares were issued at an issue price of C$1.28 per Common Share for aggregate gross proceeds of C$5,082,876 (the “Offering”). The net proceeds of the Offering will be used for royalty acquisitions and general working capital purposes.
Fasken advised Elemental Altus with a team led by John Sabetti that included Alexis Shamess and David Pivrnec.
Jurisdiction
- Ontario
