Leucrotta Exploration Inc.’s C$33 Million Bought Deal Financing

Fasken acted for the underwriters.

On March 31, 2021, Leucrotta Exploration Inc. closed its previously announced bought-deal financing of 41,096,000 units of the Company at a price of C$0.73 per Unit for gross proceeds to the Company of C$30,000,080.

In addition, the syndicate of underwriters, co-led by Haywood Securities Inc., as sole bookrunner, and Echelon Wealth Partners Inc. and including Acumen Capital Finance Partners Limited, Desjardins Securities Inc., ATB Capital Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and Beacon Securities Limited exercised in full the Underwriters’ over-allotment option to purchase an additional 4,109,600 Units at the Issue Price for additional gross proceeds of C$3,000,008, resulting in the issuance of an aggregate of 45,205,600 Units for total gross proceeds of C$33,000,088.

Each Unit consists of one common share in the capital of the Company and one-half of one Common Share purchase warrant  of the Company. Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$1.00 subject to adjustment in certain events) for a period of 24 months from the closing date of the Bought-Deal Financing.

The Fasken team was led by Sarah Gingrich (Picture), and included Mark Kopitar, Bill deJong and Aman Marwaha (Capital Markets and Securities)


Involved fees earner: Bill deJong – Fasken Martineau; Sarah Gingrich – Fasken Martineau; Mark Kopitar – Fasken Martineau; Aman Marwaha – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Acumen Capital Finance Partners Limited; ATB Capital Markets Inc; Beacon Securities Limited; Desjardins Securities Inc.; Echelon Wealth Partners Inc.; Haywood Securities Inc.; Raymond James Ltd. ; Stifel Nicolaus Canada Inc.;

Martina Bellini

Author: Martina Bellini