Cadillac Mines Corporation launches IPO

Goodmans LLP is acting as Canadian legal counsel to Cadillac Mines Corporation in connection with its initial public offering of common shares and special flow-through shares, and its concurrent C$60 million private placement.  

The upsized IPO consists of a treasury offering by Cadillac Mines of 18,800,000 common shares at C$6.90 per share and 6,300,000 special flow-through shares at C$9.52 per share for gross proceeds of approximately C$190 million, and a secondary offering by certain shareholders of the Company of 28,200,000 common shares for gross proceeds of approximately C$195 million.

Cadillac Mines expects to complete a concurrent private placement treasury offering of 8,696,000 common shares at C$6.90 per share to Agnico Eagle Mines Limited for gross proceeds of approximately C$60 million.

Cadillac Mines (formerly Gold Candle) is a Canadian mineral exploration company advancing a growing portfolio of gold and critical mineral projects along the prolific Cadillac-Larder Lake Break in Ontario and Québec.