Cassels acted for Josemaria in connection with the offering.
Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) (OTCQB: JOSMF) announced the closing of its previously announced bought deal financing.
Pursuant to the Offering, a total of 16,675,000 common shares of the Company, including 2,175,000 common shares issued pursuant to the over-allotment option which was exercised in full, were sold at a price of C$0.69 per common share, for aggregate gross proceeds of approximately C$11.5 million.
The Offering was conducted through a syndicate of underwriters led by BMO Capital Markets and including Canaccord Genuity Corp., Cormark Securities Inc., National Bank Financial Inc., PI Financial Corp. and Haywood Securities Inc.
Josemaria copper-gold project in San Juan, Argentina ahead of construction, repayment of certain outstanding debentures of the Company and general corporate purposes.
Josemaria Resources Inc. is a natural resources company focused on developing its advanced stage, 100% owned Josemaria Copper-Gold Project in the San Juan Province of Argentina.
Cassels acted for Josemaria with a deal team that included Jen Hansen (Picture) and Jonathan Chandler (Securities and Mining) and Chris Norton (Tax).
Law Firms: Cassels Brock & Blackwell LLP;
Clients: Josemaria Resources Inc.;