On December 20, 2019, Sabina Gold & Silver Corp (“Sabina”) (TSX: SBB) (OTCQX: SGSVF) announced that it had closed its previously announced bought deal private placement of 2,137,000 flow-through common shares to raise gross proceeds of $5,000,580.The offering was led by Sprott Capital Partners LP, with Canaccord Genuity Corp., Cormark Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc. and Paradigm Capital Inc. as members of the syndicate. Tamesis Partners LLP was appointed as a special selling group member for the Offering.

Both Dundee Precious Metals Inc. and Zhaojin International Mining Co., Ltd, elected to maintain their pro-rata share interests pursuant to their participation rights in relation to the offering and Sabina issued to them an aggregate of 1,921,780 non flow-through common shares to raise additional proceeds of approximately $3.1 million.

Sabina is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada, one of the world’s newest, politically stable mining jurisdictions.

Gowling WLG advised Sabina with respect to this transaction with a team that included Brett Kagetsu, Tara Amiri and Raymond Ong (corporate finance) and Brent Kerr (tax).