O3 Mining’s C$35 Million Bought Deal Private Placement

Cassels acted for the underwriters.

On February 25, 2021, O3 Mining Inc. closed a bought deal private placement of 7,709,300 flow-through shares at a price of $4.54 per flow-through share for aggregate gross proceeds of approximately $35 million, which includes the exercise in full of the underwriters’ over-allotment option.

The offering was conducted by a syndicate of underwriters led by Sprott Capital Partners LP, and including Canaccord Genuity Corp., Eight Capital, CIBC World Markets Inc., National Bank Financial Inc., Red Cloud Securities Inc., Cormark Securities Inc. and Stifel Nicolaus Canada Inc.

O3 Mining, which forms part of the Osisko Group of companies, is a mine development and emerging consolidator of exploration properties in prospective gold camps in Canada with a goal of becoming a multi-million ounce, high-growth company.

The Cassels team included Chad Accursi (Picture), Randall Blom, David Singh and Thea Gaertner (Securities and Mining).

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Randall Blom – Cassels Brock & Blackwell LLP; Thea Gaertner – Cassels Brock & Blackwell LLP; David Singh – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canaccord Genuity; CIBC World Markets; Cormark Securities Inc.; Eight Capital Inc.; National Bank Financial Inc.; Red Cloud Securities; Sprott Capital Partners; Stifel Nicolaus Canada Inc.;

Martina Bellini

Author: Martina Bellini