KORE Mining Ltd.’s $8 Million Bought Deal Public Offering

Cassels acted for the underwriters.

On June 18, 2021, KORE Mining Ltd. (CVE:KORE) completed a bought deal public offering of 8,422,000 units at a price of $0.95 per unit for aggregate gross proceeds of approximately $8 million. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable for one common share at a price of $1.35 until June 18, 2023.

The offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including PI Financial Corp. and Cormark Securities Inc.

KORE Mining Ltd. KORE Mining Ltd. is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia. 

The Cassels’ team comprised of Chad Accursi (Picture), Kyle Simpson, Jackson Phillips, Tiffany Chiu, Christopher Norton, Kimberly Dodson, Erica DeRosa, Andrew Allen and Christopher Harasym. 

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Tiffany Chiu – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Jackson Phillips – Cassels Brock & Blackwell LLP; Kyle Simpson – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canaccord Genuity; Cormark Securities Inc.; PI Financial Corp.;

Author: Martina Bellini