Capital Markets

Heritage Mining in its initial public offering and listing on the Canadian Securities Exchange

Heritage Mining Ltd.
Key Contact
Patrick J. Sullivan

Partner, Corporate, Vancouver

Team
Natalie Holtby

Associate, Corporate, Vancouver

Timothy Hughes

Partner, Tax, Toronto

James Chang

Associate, Tax, Toronto

Ian Nelson

Associate, Emerging and High Growth Companies, Vancouver

Nicole Ladeur

Securities Paralegal, Corporate, Vancouver

 

On August 25, 2022, Heritage Mining announced it had completed its initial public offering of units and flow-through units with gross proceeds of approximately $2.63 million and the listing of its common shares on the Canadian Securities Exchange. The net proceeds of the IPO, together with the proceeds from prior sales, will be used by Heritage Mining to advance its flagship Drayton-Black Lake Project in Northern Ontario and for general corporate purposes. The IPO was marketed by a syndicate of agents led by Red Cloud Securities Inc. and including Canaccord Genuity Corp., M Partners Inc. and PI Financial Corp.

Heritage Mining is a Canadian mineral exploration company advancing multiple high grade gold projects in Northern Ontario.

Osler, Hoskin & Harcourt LLP advised Heritage Mining with a team consisting of Patrick Sullivan, Natalie Holtby (Corporate), Timothy Hughes, James Chang (Tax), Ian Nelson (Articling Student) and Nicole Ladeur (Securities Paralegal).

Value
$2.63 million
Date Closed
August 25, 2022
Lead Office
Vancouver
Key Contact
Patrick J. Sullivan

Partner, Corporate, Vancouver

Team
Natalie Holtby

Associate, Corporate, Vancouver

Timothy Hughes

Partner, Tax, Toronto

James Chang

Associate, Tax, Toronto

Ian Nelson

Associate, Emerging and High Growth Companies, Vancouver

Nicole Ladeur

Securities Paralegal, Corporate, Vancouver