Group Ten Metals’ $6 Million Private Placement

Cassels acted for the agents.

On June 16, 2021, Group Ten Metals Inc. completed a brokered private placement financing of 15,000,000 units at a price of $0.40 per unit for gross proceeds of $6 million. Each unit consists of one common share and one-half of one warrant. Each whole warrant is exercisable for one common share at an exercise price of $0.55 for a period of 24 months following the closing date.

Group Ten Metals (TSX.V: PGE / OTCQB: PGEZF) is a Canadian mineral resource exploration company focused on the advancement of our flagship Stillwater West PGE-Ni-Cu project adjacent to the high-grade Stillwater mines in Montana, USA.

The offering was conducted by a syndicate of agents co-led by Canaccord Genuity Corp. and Research Capital and including Red Cloud Securities Inc.

The Cassels team consisted of Chad Accursi (Picture), Nany Choi,Tiffany Chiu, Andrea Breden and Christopher Harasym. 

 

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Randall Blom – Cassels Brock & Blackwell LLP; Tiffany Chiu – Cassels Brock & Blackwell LLP; Nancy Choi – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canaccord Genuity; Red Cloud Securities; Research Capital Corporation;

Author: Martina Bellini