Heliostar Metals Limited’s $5.6 Million Private Placement

Cassels acted for the agents.

On May 4, 2021, Heliostar Metals Limited completed a brokered private placement of 5,348,616 units at a price of $1.05 per unit for proceeds of approximately $5.6 million. Each unit consists of one common share and one half of one common share purchase warrant of Heliostar Metals. Each warrant is exercisable for one common share at an exercise price of $1.70 for a period of 12 months following the closing date.

The offering was conducted by Canaccord Genuity Corp., as lead agent, on behalf of a syndicate of agents including Sprott Capital Partners LP, Haywood Securities Inc. and Agentis Capital.

Heliostar Metals Limited explores for gold properties in Canada and the United States. 

The Cassels team comprised of Chad Accursi (Picture), Randall Blom, Tiffany Chiu, Krystina Norman and Elissa Chamberlain. 

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

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Agentis Capital; Canaccord Genuity; Haywood Securities Inc.; Sprott Capital Partners;

Author: Martina Bellini