Winnipeg-based Beyond Minerals Inc. has completed an initial public offering (IPO) and listing on the Canadian Securities Exchange (CSE).
On April 12, Beyond Minerals – a growth-stage mining company focused on the exploration and development of mineral properties – announced it had completed an IPO of 3 million common shares on the CSE at a price of $0.15 per share, for gross proceeds of $450,000. Beyond Minerals shares began trading on the CSE on April 13 under the BY ticker.
In a release, the company said it would use the net proceeds from its IPO as working capital and to carry out exploration of its Eastchester-Fabie property in Quebec, which includes 37 mining claims covering a total area of approximately 1,385 hectares.
MLT Aikins was pleased to act as counsel to Beyond Minerals on this milestone for the company. Winnipeg partner Tom Provost, who advised on the transaction, also sits on the board of Beyond Minerals as a director and is the company’s corporate secretary.
Tom regularly advises publicly traded companies in the mining, cannabis, real estate, information technology and life sciences sectors. Learn more about how our Corporate Finance & Securities team helps clients access capital.