Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Northern Financial closes private placement financing

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Northern Financial

On April 28, 2010, Northern Financial Corporation (TSX: NFC) announced that it had closed the second tranche of its previously announced brokered private placement financing and gypsy swap by issuing an additional 364,710 units. Combined with the first closing on March 30, 2010, Northern has issued an aggregate of 1,602,342 Units for gross proceeds of $528,772. Each Unit is comprised of one common share of Northern and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of Northern at a price of $0.45 until April 27, 2012. Northern was advised in this transaction by Fasken Martineau with a team that included Sean Stevens, Brad Freelan and Paul Braczek.

Team

    Subscribe

    Receive email updates from our team

    Subscribe