Transactions

Overview

Prime Mining Corp. Completes $21 Million Bought Deal Private Placement Financing

December 22, 2022

Prime Mining Corp. (TSX.V:PRYM, OTCQB:PRMNF, Frankfurt: A2PRDW), a mineral exploration company committed to expanding its exploration initiative at the historically productive Los Reyes mineral project in Sinaloa, Mexico, completed a brokered private placement of 14,030,000 units at a price of $1.50 per unit (the “Offering”). Each unit consisted of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at an exercise price of $2.00 until December 22, 2025.

The Offering was conducted by a syndicate of underwriters co-led by Desjardins Securities Inc. and TD Securities Inc. and including BMO Capital Markets, PI Financial and Stifel GMP (collectively, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that consisted of Jeff Hergott, Niall Sweeney, Julian Lupo and Krystle Formhals (corporate/securities).