Montage Gold Corp.’s $20 Million Private Placement

Cassels Brock & Blackwell LLP acted for Montage Gold Corp.

On June 30, 2022, Montage Gold Corp. (TSXV: MAU) closed a private placement offering of 28,571,429 subscription receipts at an price of $0.70 per subscription receipt for gross proceeds of approximately $20 million.

The proceeds raised from the Offering will be used to pay the cash portion of the consideration payable pursuant to the proposed acquisition of a 100% interest in the Mankono-Sissédougou Joint Venture Project, which consists of three properties contiguous to the Company’s Koné Gold Project in Côte d’Ivoire, and to fund the business plan of the Company in respect of such acquired properties following closing of the Transaction.

The offering was led by Stifel GMP, as lead underwriter, on behalf of a syndicate of underwriters including Beacon Securities Limited, BMO Capital Markets, and Raymond James Ltd.

Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire.

The Cassels’ team comprised of Chad Accursi (Picture), James Lyle and Stacey Weltman. 

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; James Lyle – Cassels Brock & Blackwell LLP; Stacey Weltman – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Montage Gold Corp. ;

Sonia Carcano

Author: Sonia Carcano