Cassels acted for Josemaria in connection with the private placement.
On April 19, 2021, Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) issued approximately 58,000,000 common shares at a price of SEK 4.74 (corresponding to approximately C$0.69) per share for gross proceeds of approximately C$40.5 million.
The Private Placement was to certain investors introduced to the Company by Pareto Securities Ltd., and to certain other investors, including Lorito Holdings S.à.r.l.
The net proceeds of the Public Offering and Private Placement will be used to continue advancing the 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.;