- Cassiar Gold (GLDC) has upsized its bought deal public offering to $10 million
- The underwriters have agreed to purchase 6,666,667 flow-through units at a price of C$1.50 per unit
- Proceeds from the offering will be used for the exploration of the company’s Cassiar Gold property in B.C.
- Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia
- Cassiar Gold Corp. (GLDC) opened trading at C$1.19 per share
Cassiar Gold (GLDC) has upsized its previously announced bought deal public offering to $10 million.
Under the revised offering, the underwriters have agreed to purchase 6,666,667 flow-through units to be resold to charitable purchasers at a price of C$1.50 per unit.
Each FT unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one non-flow-through common share at a price of $1.60 within 24 months after the closing date of the offering.
The company has granted to the underwriters an over-allotment option to purchase up to an additional 15 per cent of the units sold for resale to charitable purchasers.
Proceeds from the offering will be used for the exploration of the company’s 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 C$1.19 per share.