Vancouver-based Quri-Mayu Developments Ltd. has completed an initial public offering (IPO) on the TSX Venture Exchange (TSXV).
On August 15, Quri-Mayu announced it had closed an IPO of 6,500,000 common shares on the TSXV at a price of $0.10 per share for gross proceeds of $650,000. Shares of the company are expected to begin trading on August 17.
In a release, Quri-Mayu said it planned to use a portion of the proceeds from the IPO to fund the exploration of the Clinton Mining Division, which consists of four mining claims in British Columbia totalling 3,440.7 hectares.
MLT Aikins was pleased to act as counsel to PI Financial Corp., the agent for Quri-Mayu’s IPO.
During the first half of the year, MLT Aikins worked on more IPOs than any other law firm in Canada. To learn more about how we help clients access capital, contact our Corporate Finance & Securities team.