Sabina Gold & Silver Corp. completes $28.1 million financing

1 minute read
21 December 2018

On December 21, 2018, Sabina Gold & Silver Corp. (TSX: SBB) announced the closing of its previously announced bought deal offering of common shares for total gross proceeds of approximately $25.3 million, including proceeds from an over-allotment option which was exercised in full by the underwriters led by BMO Capital Markets and RBC Capital Markets.

In addition, pursuant to a participation rights notice delivered to Zhaojin International Mining Co., Ltd. (“Zhaojin”), Zhaojin elected to exercise its participation right in relation to the offering to purchase, by way of private placement, common shares of the company for additional proceeds of approximately $2.8 million, to close prior to December 31, 2018.

Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Gowling WLG advised Sabina with respect to this financing with a team that included Brett Kagetsu and Tara Amiri.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Mining, Capital Markets