On May 29, 2002, LionOre Mining International Ltd. completed a private placement of special warrants for gross proceeds of $100.37 million. The proceeds will be used primarily to finance the acquisition by LionOre of Anglo American’s 43.35 per cent interest in Tati Nickel Mining Company (Pty) Ltd. in Botswana, thereby increasing LionOre’s interest in Tati to 85 per cent.
Richard Miner and Susan Goscoe of McCarthy Tétrault LLP in Toronto acted for LionOre. The underwriters, RBC Capital Markets Inc. and Haywood Securities Inc., were represented by John Turner and John Sabetti of Fasken Martineau DuMoulin LLP.
Richard Miner and Susan Goscoe of McCarthy Tétrault LLP in Toronto acted for LionOre. The underwriters, RBC Capital Markets Inc. and Haywood Securities Inc., were represented by John Turner and John Sabetti of Fasken Martineau DuMoulin LLP.
