Crystal Peak Minerals’ $6 Million Private Placement

Cassels acted for the agents.

On October 13, 2021, Crystal Peak Minerals Inc. ((CPM.H:AQL) closed a private placement of 2,248,936 subscription receipts at a price of $2.65 per subscription receipt for aggregate gross proceeds of approximately $6 million. The offering was completed in connection with the proposed reverse take-over of Crystal Peak by Western Exploration LLC.

The offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., as co-lead agents, and Cormark Securities Inc.

Crystal Peak Minerals Inc. operates as a development stage mining company. 

The Cassels’ team included Chad Accursi (Picture), Kyle Simpson, Randall Blom, Jasmine Qin and Reza Sarsangi. 

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Randall Blom – Cassels Brock & Blackwell LLP; Jasmine Qin – Cassels Brock & Blackwell LLP; Reza Sarsangi – Cassels Brock & Blackwell LLP; Kyle Simpson – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canaccord Genuity; Cormark Securities Inc.; Stifel Nicolaus Canada Inc.;

Author: Sonia Carcano