Skip to main content
Client Work

Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC lead US$16.1 million private placement for McEwen Mining Inc.

Fasken
Reading Time 1 minute read
Share
  • LinkedIn

Overview

Client

Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC

On December 14, 2023, McEwen Mining Inc. ("McEwen") completed a brokered private placement offering of 1,903,000 flow-through shares for aggregate gross proceeds of US$16.1 million. The offering was completed pursuant to the Accredited Investor Exemption and the Minimum Amount Investor Exemption under National Instrument 45-106 – Prospectus Exemptions. The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (CEE) and Canadian Development Expenditures (CDE), within the meaning of subsection 66(15) of the Income Tax Act (Canada), on McEwen's properties in the Timmins region.

The CEE portion of the financing consists of a private placement of 788,000 flow-through shares at a price of US$9.27 per share. The CDE portion of the financing consists of a private placement of 1,115,000 flow-through shares at a price of US$7.86 per share. The offering was co-led by Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC, and PearTree Canada structured the flow-through donation placement.

Fasken advised Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC in connection with the offering with a team comprised of Alex Nikolic, Victoria Zed, Alexis Shamess (Corporate); Mitchell Thaw and Devon LaBuik (Tax Law); Barbara Clark and Kathryn McCoy (Articling Students).

Jurisdiction

  • Ontario

Team

  • Alex Nikolic, Partner, Toronto, ON, +1 416 865 4420, anikolic@fasken.com
  • Victoria Zed, Associate, Toronto, ON, +1 416 865 4384, vzed@fasken.com
  • Alexis Shamess, Associate, Toronto, ON, +1 416 865 5465, ashamess@fasken.com
  • Devon LaBuik, Associate, Toronto, ON, +1 416 868 3492, dlabuik@fasken.com
  • Barbara Clark, Associate, Toronto, ON, +1 416 868 3412, bclark@fasken.com
  • Kathryn McCoy, Associate, Toronto, ON, +1 416 868 7808, kmccoy@fasken.com