On May 17, 2023, Delta Resources Limited (“Delta Resources” or the “Company”) closed an approximately C$10 million bought deal private placement offering of flow-through units of the Company (the “FT Units”) and units of the Company (the “HD Units”). A total of 7,143,000 FT Units were sold at a price of C$0.63 per FT Unit and 12,222,400 Units were sold at a price of C$0.45 per HD Unit.
The offering was underwritten by a syndicate led by Cormark Securities Inc., including Desjardins Securities Inc. and Haywood Securities Inc.
Fasken advised the Delta Resources with a team led by John Sabetti and including George Soules and David Pivrnec (Capital Markets); Dan Law (Real Property); Mitchell Thaw and Devon LaBuik (Tax); and Pantea Eshraghi (Articling Student).
Jurisdiction
- Ontario
