Talisker Resources Ltd. closed a bought deal private placement for total gross proceeds of $23 million on August 13, 2020 (the “Offering”). In connection with the Offering, Talisker issued an aggregate of 28,260,870 units at a price of $0.46 per unit and 15,625,000 charity flow-through share units of Talisker at a price of $0.64 per flow-through unit. The Offering was conducted by Sprott Capital Partners and PI Financial Corp. as co-lead underwriters and co-bookrunners. In connection with the Offering, Talisker paid the Underwriters a cash commission of 6.0% of the gross proceeds of the Offering.
Each unit and flow-through unit is comprised of one common share of Talisker and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.70 until August 13, 2021. The common shares comprising part of the flow-through units will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
Fasken acted as counsel to the underwriters in the Offering with a team comprised of Bradley Freelan, Gesta Abols, Russell Lindzon, and Jordana Keslassy.
Each unit and flow-through unit is comprised of one common share of Talisker and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.70 until August 13, 2021. The common shares comprising part of the flow-through units will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
Fasken acted as counsel to the underwriters in the Offering with a team comprised of Bradley Freelan, Gesta Abols, Russell Lindzon, and Jordana Keslassy.
Juridiction
- Ontario
