On June 9, 2021, Defiance, an exploration company advancing the district-scale San Acacio Deposit, closed the previously announced brokered private placement led by Red Cloud Securities and including Canaccord Genuity and Jett Capital Advisors.
The private placement sold 12,777,778 units at a price of C$0.90 per Unit for gross proceeds of C$11,500,000.
Defiance intends to use the net proceeds from the Offering for exploration of the Company’s projects and for general working capital purposes.
A Fasken team comprised of Frank Mariage, Jean-Philippe Côté and Vincent Maltais acted on behalf of Defiance in connection with this transaction.
Jurisdiction
- Québec
