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Overview

Galaxy Digital LP Completes $305 Million Offering

February 14, 2018

Bradmer Pharmaceuticals Inc. (TSX VENTURE: BMR.H) (“Bradmer”), completed a private placement (the “Offering”) of subscription receipts (the “Subscription Receipts”) for aggregate gross proceeds of approximately $305 million and entered into a definitive arrangement agreement between, among others, Bradmer, Galaxy Digital LP (“Galaxy Digital”) and First Coin Capital Corp. (“First Coin”), in respect of a business combination among Bradmer, Galaxy Digital and First Coin, which is proposed to be completed by way of a plan of arrangement (the “Arrangement”). The net proceeds of the Offering, assuming the satisfaction of certain specified escrow release conditions attached to the Subscription Receipts, will be used by Bradmer to acquire a minority equity interest in a Galaxy Digital operating partnership, providing growth capital to continue building an institutional merchant banking business in the digital asset, cryptocurrency and blockchain sectors. The Galaxy Digital operating partnership will be led by Michael Novogratz and the team at Galaxy Digital GP LLC.

GMP Securities L.P. (the “Agent”) acted as sole agent in respect of the Offering.

Wildeboer Dellelce LLP acted for the Agent in connection with the Offering and for Bradmer in connection with the Arrangement with a team that included Perry Dellelce, James Brown, Geoffrey Cher, Julie Anderson, Danny Kharazmi, Davia Wang and Joel Fraser (corporate/securities) and Katy Pitch (Tax).