Locke Lord Represented SolGold in Private Placement of Shares for Gross Proceeds of £45 Million

James Channo (London), Co-Chair of the International Transactions Practice Group, led a Locke Lord team that advised Brisbane-based SolGold plc (LSE and TSX code: SOLG) on its “bought deal” private placement of 180,000,000 ordinary shares at a price of 25 pence per share for aggregate gross proceeds of £45,000,000 (the "Offering").

The Offering was led by National Bank Financial Inc. and Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included Cormark Securities Inc., GMP Securities L.P., Paradigm Capital Inc., Red Cloud Klondike Strike Inc., Mackie Research Capital Corporation and Echelon Wealth Partners Inc. 

The gross proceeds from the Offering will be used by the Company for exploration and studies to advance its flagship Cascabel Project, selective regional exploration in Ecuador, working capital and general corporate purposes.

Additional Locke Lord team members included Nicholas Jennings (London), Geoffrey Etherington (New York) and Gene McDermott (Providence).
Posted on November 30, 2017

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