Galway Metals Inc.’s $10.5 Million Private Placement

Cassels acted for the underwriters.

On May 26, 2022, Galway Metals Inc. (TSX-V: GWM) closed a bought deal private placement offering for aggregate gross proceeds of approximately $10.5 million, consisting of the sale of 6,666,700 common shares that qualify as “flow-through shares” at a price of $0.60 per flow-through share, and 15,294,200 hard dollar common shares at a price of $0.425 per hard dollar share.

The offering was led by Paradigm Capital Inc. on behalf of a syndicate of underwriters, which included Laurentian Bank Securities Inc., BMO Nesbitt Burns Inc., Haywood Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc.

Galway Metals Inc. operates as a metals exploration company. The Company has gold projects in New Brunswick, Canada and a zinc, copper and gold mine in Quebec, Canada.

Cassels acted for the underwriters with a deal team that included Chad Accursi (Picture), Randall Blom and Maria Christodoulou (Securities and Mining), Haley Williams (Law Clerk) and Neil Burnside (Student at Law).



Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Randall Blom – Cassels Brock & Blackwell LLP; Maria Christodoulou – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: BMO Nesbitt Burns Inc; CIBC World Markets Corp.; Desjardins Securities Inc.; Haywood Securities Inc.; Laurentian Bank Securities Inc.; Paradigm Capital Inc.;

Sonia Carcano

Author: Sonia Carcano