On December 21, 2018, Sabina Gold & Silver Corp. (TSX: SBB) announced the closing of its previously announced bought deal offering of common shares for total gross proceeds of approximately $25.3 million, including proceeds from an over-allotment option which was exercised in full by the underwriters led by BMO Capital Markets and RBC Capital Markets.
In addition, pursuant to a participation rights notice delivered to Zhaojin International Mining Co., Ltd. ("Zhaojin"), Zhaojin elected to exercise its participation right in relation to the offering to purchase, by way of private placement, common shares of the company for additional proceeds of approximately $2.8 million, to close prior to December 31, 2018.
Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.
Gowling WLG advised Sabina with respect to this financing with a team that included Brett Kagetsu and Tara Amiri.
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