March 10, 2009
On March 10, 2009, Colossus Minerals Inc. (TSX: CSI) completed an offering of 11,500,000 units, at a purchase price of $2.15 per unit, for aggregate gross proceeds of $24,725,000. The units were sold through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Canaccord Capital Corporation, GMP Securities L.P., Dundee Securities Corporation, Haywood Securities Inc. and Blackmont Capital Inc. Each unit consisted of one common share and one-half of one common share purchase warrant with each warrant entitling the holder to purchase one additional common share of Colossus, at a price of $2.70 per share, for a period of two years following the closing date.
Wildeboer Dellelce LLP acted for the underwriters in connection with the offering with a team that included Perry Dellelce, James Brown, Irene Kim and Rebecca Ma (corporate/securities) and Andrea Shreeram (tax).