On November 28, 2007, Peak Gold Ltd. (“Peak”) completed a private placement of special warrants raising gross proceeds of $110,792,500. The net proceeds from the offering will be used for future acquisitions and general corporate purposes, including working capital. Peak's assets include the Peak Mine in Australia and the Amapari Mine in Brazil.
Peak was represented by a team from Cassels Brock & Blackwell LLP including Mark Bennett, Jennifer Traub and Sean Maniaci.
The offering was co-led by GMP Securities L.P., Canaccord Capital Corporation and CIBC World Markets Inc. and includes Genuity Capital Markets Inc., Orion Securities Inc., Brant Securities Limited, Paradigm Capital Inc. and PI Financial Corporation. The underwriters were represented by a team from Stikeman Elliott LLP, which included Neville McClure and Ian Putnam and Lisa Trienis.