Vancouver-based Great Republic Mining Corp. has completed an initial public offering (IPO) on the Canadian Securities Exchange (CSE).
On June 8, Great Republic announced it had completed an IPO of 7,860,000 common shares at a price of $0.10 per share for gross proceeds of $786,000. The offering included 360,000 shares that were sold pursuant to an over-allotment option. Shares of Great Republic began trading on the CSE on June 9.
In a release, Great Republic said it planned to use the proceeds from the IPO to fund exploration of the Porcher Property, which includes nine contiguous mineral titles covering an area of 3,560 hectares in northwest British Columbia.
MLT Aikins lawyers Kevin Sorochan, Selena Chen and Steven Meng were pleased to act as counsel to Haywood Securities Inc., which acted as agent for Great Republic’s IPO.
The lawyers in the MLT Aikins Corporate Finance & Securities group have extensive experience advising clients in the mining sector and many other industries on public and private offerings. Contact us to learn how we help companies raise capital.