Transactions

Transactions

Overview

Wildeboer Dellelce Represents Caldas Gold Corp. in US$83 Million Private Placement Offering

August 26, 2020

Caldas Gold Corp. (TSX-V: CGC) (OTCQX: ALLXF), a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia, completed a fully marketed private placement offering of 83,066 subscription receipts at a price of US$1,000 per subscription receipt, for aggregate gross proceeds of US$83,066,000. Each subscription receipt will convert and entitle the holder thereof to receive one unit of Caldas Gold, with each unit comprising one senior secured gold-linked note in a principal amount of US$1,000 and 200 common share purchase warrants of Caldas Gold, upon the satisfaction of certain escrow release conditions. Each warrant will be exercisable to acquire one additional common share of Caldas Gold until July 29, 2025 at a price of CA$2.75 per common share. Caldas Gold intends to file a short form (final) prospectus to qualify the distribution of the notes and warrants underlying the subscription receipts. The offering was co-led by Scotiabank and Canaccord Genuity Corp. on behalf of a syndicate of agents including Stifel Nicolaus Canada Inc. and Red Cloud Securities Inc. 

Wildeboer Dellelce LLP acted on behalf of Caldas Gold Corp. with a team that included Perry Dellelce, James Brown, Peter Volk, Patricia Good, Melissa Smith, Hannah Dodick and Emma Weiss (corporate/securities), James Padwick (debt products), Tommy Sorbara (debt products/real estate) and Katy Pitch and Marija Tasevska (tax).