Huntington Exploration Inc.’s $6 Million Private Placement

Cassels acted for the agents.

On June 16, 2021, Huntington Exploration Inc. (HEI:TSX-V) completed a brokered private placement of 21,428,571 units at a price of $0.28 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 $0.40 for a period of 24 months following the closing date.

The offering was conducted by a syndicate of agents co-led by Canaccord Genuity Corp. and Sprott Capital Partners and including Cormark Securities Inc.

Huntington Exploration Inc is Calgary based mineral exploration company. 

The Cassels team consisted of Chad Accursi (Picture), Nany Choi, Randall Blom, Tiffany Chiu, Krystina Norman 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; Cormark Securities Inc.; Sprott Capital Partners;

Author: Martina Bellini