On July 19, 2021, Gatos Silver, Inc. (“Gatos Silver”), a silver dominant exploration, development and production company, completed a US$160 million cross-border follow-on equity offering of 11,430,000 shares of common stock, including 2,500,000 shares of common stock offered by certain selling stockholders pursuant to a short-form prospectus offering in Canada and Securities and Exchange Commission (SEC) registered offering in the United States.
The gross proceeds of the offering to Gatos Silver were approximately US$125 million and the gross proceeds of the offering to the selling stockholders were approximately US$35 million. BMO Nesbitt Burns Inc., Goldman Sachs Canada Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp. and CIBC World Markets Inc. were the Canadian underwriters. BMO Capital Markets Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Canaccord Genuity LLC and CIBC World Markets Corp. were the US underwriters.
Fasken advised Gatos Silver as Canadian counsel in connection with this transaction with a team led by Nancy Eastman, including John Turner, Taisha Lewis, Perry Feldman, Mitchell Thaw and Andrea Chabot (Paralegal/Law Clerk).
Jurisdictions
- Canada
- United States
- Mexico
