Transactions

Transactions

Overview

Goldshore Resources Inc. and Sierra Madre Developments Inc. Complete Combined $25 Million Private Placement Offering of Subscription Receipts and Flow-Through Subscription Receipts

March 12, 2021

Goldshore Resources Inc. (“Goldshore”), a private company primarily focused on the identifying and evaluating mining related projects in North America, completed a private placement offering of 23,076,924 subscription receipts, and Sierra Madre Developments Inc. (“Sierra Madre”) (TSX-V: SMG.H), a mining company primarily focused on the acquisition, exploration and development of gold and silver deposits, completed a private placement offering of 13,333,335 flow-through subscription receipts, for combined aggregate gross proceeds of $25 million on February 26, 2021 (the “Combined Offering”). The Combined Offering was completed in conjunction with the previously announced transaction, which will result in the reverse takeover of Sierra Madre by Goldshore.

Eventus Capital Corp. acted as lead agent in respect of the Combined Offering together with a syndicate of agents that included Canaccord Genuity Corp., Laurentian Bank Securities Inc., Haywood Securities Inc. and Desjardins Securities Inc.

Wildeboer Dellelce LLP acted for the agents in connection with the Combined Offering with a team comprised of Geoffrey Cher, Al Wiens, Jessica Sorbara and Natalie Tershakowec (corporate/securities) and John Kutkevicius (tax).