On November 19, 2021, Mineros S.A. ("Mineros" or the "Company"), a Latin American gold mining company based in Colombia, completed its US$20 million initial public offering (IPO) in Canada and listing on the Toronto Stock Exchange (TSX), with Sprott Capital Partners LP and Scotiabank as co-lead underwriters and joint bookrunners.
Pursuant to the offering, Mineros issued 22,222,223 common shares of the Company at a price of US$0.90 (being C$1.1207) per common share for total gross proceeds of approximately US$20 million (being approximately C$24.9 million). With this offering, Mineros becomes the first Colombian company to have its common shares directly listed on both the Toronto Stock Exchange and the Colombian Stock Exchange.
Fasken advised Sprott Capital Partners LP and Scotiabank in connection with this transaction with a team led by Nancy Eastman, including John Turner, Alex Nikolic, Taisha Lewis, Martin Ferreira Pinho, Nazish Mirza, Zaira Petruf, David Pivrnec (Corporate Finance & Securities); Jeff Adams (Labour, Employment & Human Rights); and Mitchell Thaw (Tax Law).
Jurisdictions
- Canada
- Colombia
