April 30, 2009
Crowflight Minerals Inc. (TSX:CML) completed an underwritten private placement of 46,000,000 units at a price of $0.17 per unit for gross proceeds of $7,820,000. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to subscribe for one additional common share at a price of $0.20 for a period of 24 months. The private placement was completed by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Cormark Securities Inc. and TD Securities Inc.
Wildeboer Dellelce LLP represented the underwriters with a team that included Vaughn MacLellan, Sanjeev Patel, Alexandra Vazquez and Rebecca Ma.