Heritage Mining Ltd.

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

Client

Heritage Mining Ltd.

Value

$2.63 million

Service

Capital Markets

Date Closed

August 2022

Industry

Mining and Natural Resources

Lead Office

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).