Parties
Company
Reunion Gold Corporation
Bank
BMO Nesbitt Burns Inc.
Company
SCP Resource Finance LP
Company
Cormark Securities Inc.
Company
Paradigm Capital Inc.
Company
Canaccord Genuity Corp.
Company
iA Private Wealth Inc.
Company
Stifel Nicolaus Canada Inc.
Reunion Gold Corporation announced on September 20, 2023, a bought deal offering of 152,200,000 common shares at $0.46 per share, raising $70.012 million. The offering closed on September 26, 2023, with underwriters BMO Nesbitt Burns Inc. (sole book-runner), SCP Resource Finance LP, Cormark Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., iA Private Wealth Inc., and Stifel Nicolaus Canada Inc.
Net proceeds, approximately $66.261 million, will fund exploration and development of the Oko West Project in Guyana, with remaining funds allocated to corporate expenses and working capital. Legal advisors were McMillan LLP for Reunion Gold and Borden Ladner Gervais LLP for the underwriters.
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 70,012,000Deal Status
ClosedClosing Date
26 September 2023