Talisker Resources Ltd.’s $19.1 Million Private Placement

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;

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Martina Bellini

Author: Martina Bellini