- Cassiar Gold (GLDC) has amended the size and pricing of a previously announced bought deal public offering
- A syndicate of underwriters have agreed to purchase 8,000,000 flow-through units for gross proceeds of C$8,000,000
- The underwriters have been granted an over-allotment option to purchase up to an additional 1,200,000 flow-through units for additional proceeds of up to $1,200,000
- Cassiar Gold Corp. is a Canadian gold exploration company
- Cassiar Gold Corp. (GLDC) opened trading at $0.77 per share
Cassiar Gold (GLDC) has amended the size and pricing of a previously announced bought deal public offering.
Under the terms of the amended agreement, the underwriters have agreed to purchase 8,000,000 flow-through units to be resold to charitable purchasers at a price of C$1.00 per unit for gross proceeds of C$8,000,000.
Red Cloud Securities Inc. and Raymond James Ltd. are acting as co-lead underwriters and joint book-runners for the Offering on behalf of a syndicate of underwriters.
Each flow-through unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $1.05 for 24 months after the closing date of the offering.
The underwriters have been granted an over-allotment option to purchase up to an additional 1,200,000 flow-through units for resale to charitable purchasers for additional gross proceeds of up to $1,200,000.
The company intends to use the net proceeds raised for the exploration of the Cassiar Gold property in British Columbia.
Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia. The company’s key asset, the Cassiar Gold Project, is a large, highly prospective, gold property that encompasses the entire Cassiar gold mining district.
Cassiar Gold Corp. (GLDC) opened trading at $0.77 per share.
