Cassels acted for Talisker Resources Ltd. on the transaction.
On April 15, 2021, Talisker Resources Ltd. (TSE:TSK) closed a non-brokered private placement of 37,366,932 flow-through shares at a price of $0.51 per flow-through share for total gross proceeds of $19.1 million.
Immediately following the completion of the offering, New Gold Inc. acquired 37,366,932 common shares, representing approximately 14.9% of Talisker’s outstanding common shares. In connection with New Gold acquiring its interest, New Gold and Talisker entered into an investor rights agreement.
Talisker is a junior resource company involved in the exploration and development of projects in British Columbia.
Cassels acted for Talisker with a deal team that included Jay Goldman (Picture), Alex Pizale, Jasmine Qin and Chris McLelland (Securities and Mining) and Chris Norton (Tax).
Involved fees earner: Jay Goldman – Cassels Brock & Blackwell LLP; Christopher McLelland – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Alexander Pizale – Cassels Brock & Blackwell LLP; Jasmine Qin – Cassels Brock & Blackwell LLP;
Law Firms: Cassels Brock & Blackwell LLP;
Clients: Talisker Resources Ltd;