On June 24, 2022, Halcones Precious Metals Inc. (“Halcones”) closed its brokered private placement (the “Offering”) of subscription receipts (“Subscription Receipts”). Under the Offering, Halcones issued an aggregate of 11,462,200 Subscription Receipts at a price of $0.30 per Subscription Receipt for gross proceeds of $3,438,660. The Offering was completed in connection with a reverse take-over of Pinehurst Capital II Inc. (“Pinehurst”), a capital pool company listed in the TSX Venture Exchange, by shareholders of Western Metallica.
The Offering was completed pursuant to an agency agreement among Halcones, Pinehurst, Clarus Securities Inc. (as lead agent), iA Private Wealth Inc. and Haywood Securities Inc.
Miller Thomson advised Halcones Precious Metals with a team comprised of Mack Hosseinian, Madison Derraugh and Bailey Sprout (Capital Markets & Securities) as well as Anca Nitu (Paraprofessional).
