Vancouver-based Carmanah Minerals Corp. has completed an initial public offering (IPO) on the Canadian Securities Exchange (CSE).
On June 27, Carmanah announced it had completed an IPO of 5,750,000 common shares at a price of $0.10 per share for gross proceeds of $575,000.
In a release, Carmanah said it would use proceeds from the IPO to carry out exploration of the Loljuh Project, which covers more than 1,650 hectares in the Omineca Mining Division of British Columbia.
Shares of Carmanah began trading on the CSE on June 28.
Vancouver lawyers Kevin Sorochan and Selena Chen were pleased to act as counsel to Carmanah on its IPO. Learn more about how our Corporate Finance & Securities lawyers help clients raise capital.