Oceanus Resources completes bought deal offering

On June 21, 2016, Oceanus Resources Corporation (the “Company”), completed its bought deal short form prospectus offering of 25,000,000 units of the Company, including a full exercise of the over-allotment option, at a price of $0.23 per unit for aggregate gross proceeds of $5,750,000. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share of the Company at an exercise price of $0.39 for a period of twenty-four months from closing. The offering was underwritten by Cantor Fitzgerald Canada Corporation and PI Financial Corp. Oceanus Resources was advised by a team of Fasken Martineau lawyers that included John Turner, Krisztian Toth, Alex Nikolic, Jesse Bertollo, Ryan Mapa (Corporate Finance) and Zachary Austin (student-at-law).