Forsys Metals Corp.’s $13 Million Bought Deal Private Placement

Wildeboer Dellelce LLP acted for the Co-Lead Underwriters in connection with the offering.

Forsys Metals Corp. (TSX: FSY) an emerging uranium developer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa, completed a bought deal private placement offering of 26,000,000 units at a price of $0.50 per Unit for aggregate gross proceeds of $13 million. Each Unit is comprised of one common share in the capital of Forsys Metals Corp. and one-half of one Common Share purchase warrant. Each Warrant entitles a holder to purchase one Common Share at a price of $0.75 for a period of 24 months following the closing date. The Offering was conducted by Canaccord Genuity Corp. and Red Cloud Securities Inc. as co-lead underwriters.

The Wildeboer Dellelce LLP team comprised of Sanjeev Patel (Picture), Natalie Tershakowec and Nick Robelek (corporate/securities).


Involved fees earner: Sanjeev Patel – Wildeboer Dellelce LLP; Natalie Tershakowec – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Forsys Metals Corp.;

Martina Bellini

Author: Martina Bellini