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5N Plus completes US$40 million issue

Fasken
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5N Plus

5N Plus Inc. issued an aggregate of 12,903,613 units for total gross proceeds of $40 million. Each of the units was comprised of one common share and one-half of a common share purchase warrant. $20 million of units were issued in all Canadian provinces by way of a short form prospectus dated May 30, 2012, while the remainder was invested by way of a concurrent private placement. The syndicate of underwriters for the public offering was led by National Bank Financial Inc. and included GMP Securities L.P., TD Securities Inc., HSBC Securities (Canada) Inc., CIBC World Markets Inc., Cormark Securities Inc., M Partners Inc., NCP Northland Capital Partners Inc., Stonecap Securities Inc. and Versant Partners Inc. A Fasken Martineau team represented the underwriters in the transaction and was composed of Jean-Pierre Chamberland (securities), Monica Dingle (securities) and Tom Copeland (taxation).

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