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Client Work

Dynasty Metals & Mining completes US$15 million equity financing

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Dynasty Metals & Mining

On April 1, 2010, Dynasty Metals & Mining Inc. (TSX: DMM) announced that it had closed its previously-announced underwritten private placement offering of 3,750,000 units of the company at a price of $4.00 per unit for gross proceeds of $15 million. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant exercisable at a price of $5.00 per share for a period of 12 months from the closing date. The offering was underwritten by Cormark Securities Inc. and Canaccord Financial Ltd.Dynasty is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador.Dynasty was advised in this transaction by Fasken Martineau with a team that included Susan McLeod, Benjamin Lee and Samuel Li, assisted by paralegal Chin Yen Lee.


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