On May 22, 2018, Probe Metals Inc. announced it had entered into an agreement with Sprott Capital Partners, on behalf of a syndicate of underwriters, to purchase $14 million of securities on a bought deal private placement basis. The offer consists of flow through and non flow-through shares of Probe Metals Inc. The private placement was completed on June 19, 2018.
Probe Metals Inc. will use the gross proceeds for working capital and to fund exploration projects in Québec.
Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties.
Osler, Hoskin & Harcourt LLP represented Probe Metals Inc. in respect of Canadian and Quebec tax matters with a team consisting of Antoine Stébenne and David Wilson (Tax).