Counsel to Gold Mountain Mining on $18.5M Bought Deal Public Offering

Vancouver-based Gold Mountain Mining Corp. has closed an $18.5-million bought deal public offering.

The offering, which was conducted by way of a prospectus supplement, consists of 14.8 million units of Gold Mountain issued at a price of $1.25 per unit, according to a release. The deal was underwritten by Eight Capital, Canaccord Genuity Corp. and Research Capital Corporation.

Gold Mountain is a British Columbia–based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a producing mine located 57 km from Merritt in south central British Columbia.

MLT Aikins lawyers Mahdi Shams, Kevin Sorochan and Steven Meng were pleased to act as counsel to Gold Mountain in this milestone offering, which has contributed millions in capital to the company’s ongoing operations.

The lawyers at MLT Aikins regularly advise clients in the mining sector and other industries on raising capital through public and private offerings. Learn more about how our Corporate Finance & Securities team helps clients access capital.