On July 27, 2016, Regulus Resources Inc. (TSXV: REG) announced that it had closed its previously announced brokered unit private placement offering. An aggregate of 11,537,500 units were sold under the offering for total gross proceeds of $13,845,000. This included 1,537,500 units issued as a result of the exercise in full of the over-allotment option granted to the agents led by Haywood Securities Inc. and PI Financial Corp.
Regulus Resources is an international mineral exploration company with a portfolio of precious and base metal exploration properties located in North and South America. The net proceeds of the offering will be used to advance the AntaKori copper-gold project in Peru and for general working capital purposes.
Miller Thomson advised the agents in this transaction with a team that included Peter McArthur and Kevin Sorochan.