Skip to main content
PLEASE NOTE: For everyone’s safety, Fasken requires anyone on-site at our Canadian and Johannesburg offices to provide proof of full vaccination against COVID-19. This applies to lawyers, staff, clients, service providers and other visitors.
Client Work

Atlantic Gold completes brokered and non-brokered private placements

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

PI Financial Corp

On May 16, 2016, Atlantic Gold Corporation announced the completion of a bought deal private placement financing for gross proceeds of $14,375,046 through the issuance of 23,958,410 common shares of the company at a price of $0.60 per share, co-led by PI Financial Corp., Canaccord Genuity Corp., and Haywood Securities Inc. The brokered offering was originally announced on April 28, 2016 for gross proceeds of $12,500,040, with the exercise of the over-allotment option to raise an additional $1,875,006 of gross proceeds announced on May 2, 2016. Atlantic Gold also announced the completion of a non-brokered private placement financing for gross proceeds of $13,544,000 through the issuance of 22,573,329 common shares of the company at the offering price. The non-brokered offering was originally announced on April 28, 2016 for gross proceeds of $12,500,040, with the over-allotment option to raise an additional $1,043,960 exercised on May 14, 2016. Fasken Martineau advised PI Financial with a team that included Bradley Freelan and David Steinhauer.

Team

    Subscribe

    Receive email updates from our team

    Subscribe