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McFarlane Lake Mining Completes $17.25 Million Bought Deal Private Placement, Including Full Exercise of Underwriters’ Option
McFarlane Lake Mining Limited (CSE: MLM; OTCQB: MLMLF; Frankfurt: W2Z) completed a bought deal private placement of flow-through shares and common shares pursuant to the listed issuer financing exemption for aggregate gross proceeds of $17,250,618, following the full exercise of the underwriters’ option. The offering consisted of 23,334,000 flow-through shares issued at a price of $0.525 per share and 13,158,600 common shares issued at a price of $0.38 per share.
In connection with the bought deal private placement, ATB Capital Markets Corp. acted as lead underwriter and sole bookrunner on behalf of a syndicate that included Integrity Capital Group Inc. and Canaccord Genuity Corp.
McFarlane Lake is focused on advancing exploration at its flagship Juby Gold Project near Gowganda, Ontario, to further expand its gold resources and advance the project’s development.
Wildeboer Dellelce LLP acted for McFarlane Lake in connection with the bought deal private placement with a team comprising Perry Dellelce, Niall Sweeney, Brett Varrin, Jason Kim and Adele Gurm (Corporate/Securities), Paul DeFrancesca, Mila Simic and Faye Arellano (Real Estate), and John Kutkevicius (Tax).
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