Evergold’s $8 Million Bought Deal Private Placement

Cassels acted for Canaccord Genuity Corp.

On February 23, 2021, Evergold Corp. closed an upsized bought deal private placement of 17,500,000 units at a price of $0.20 per unit and 20,454,546 flow-through units at a price of $0.22 per flow-through unit for gross proceeds of $8 million. Each flow-through unit is comprised of one common share and one-half of one common share purchase warrant of Evergold. Each unit is comprised of one common share and one warrant. Each warrant entitles the holder to purchase one common share at a price of $0.30 for a period of 3 years.

Canaccord Genuity Corp. acted as the sole underwriter in connection with the private placement.

Evergold Corp. Evergold Corp. provides mining services. The Company offers exploration and development of mineral properties.

The Cassels team comprised Chad Accursi (Picture), Kyle Simpson, Heesoo Kim and Aamir Chherawala (Securities and Mining) and Christopher Norton and Tera Li Parizeau (Tax).

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Aamir Chherawala – Cassels Brock & Blackwell LLP; Heesoo Kim – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Tera Li Parizeau – Cassels Brock & Blackwell LLP; Kyle Simpson – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canaccord Genuity;

Martina Bellini

Author: Martina Bellini