On September 2, 2021, First Cobalt Corp., a company focused on building a hydrometallurgical refinery in Northern Ontario to sustainably produce battery materials, raised an aggregate of approximately US$45 million through a private placement of US$37.5 principal amount of senior secured convertible notes due 2026 to investors in the United States, and a concurrent public equity offering of common shares for gross proceeds of C$9.5 million (approximately US$7.5 million) under a prospectus supplement filed in Canada in order to proceed with construction of the refinery.
Fasken advised First Cobalt on corporate, securities, banking, finance, and tax matters with a team led by Brad Freelan, Tom Meagher, and Myroslav Chwaluk, and which included Dyna Zekaoui and Jake Woloshyn (corporate and securities), Martin Owusu (banking and finance), and Christopher Steeves (tax).
Jurisdiction
- Ontario
