Brio Gold Inc.
$192,484,363.00
59,225,957.00 Common Shares at $3.25
Initial Public Offering - Closed - Wednesday, December 28, 2016
Company Description
Brio Gold Inc. is a Canadain mining company with significant gold producing, development and exploration stage properties in Brazil. The Company was formed in 2014 by Yamaha as a strategic initiative to surface value in certain non-core assets in Brazil. Brio Gold’s portfolio includes three operating mines, the Fazenda Brasileiro Mine, the Pilar Operation and the RDM Mine, as well as the Santa Luz Project, which is a fully-permitted, fully-constructed mine currently on care and maintenance and expected to be recommissioned in the first quarter of 2018.
| Address: |
Royal Bank Plaza, North Tower, 200 Bay St., Suite 2200 Toronto, Ontario, M5J 2J3 Canada |
|---|---|
| Phone Number: | 647 927 1112 |
| Fax Number: | |
| Website: |
| Industry: | Gold & Precious Metals |
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| Closing Date: | Wednesday, December 28, 2016 |
| 1st Day of Trading: | Wednesday, December 28, 2016 |
| Primary Symbol: | BRIO |
| Exchange: | Toronto |
Proceeds
The proceeds from the exercise of the purchase rights will be used by Yamana for net debt reduction.
| Gross Proceeds: | $192,484,363.00 |
|---|---|
| Underwrting Fees: | $3,464,718.00 |
| Expense Offering: | $5,700,000.00 |
| Net Proceeds: | $183,319,645.00 |
| Lead Underwriter: | CIBC World Markets Inc. |
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| Other Underwriter(s): |
National Bank Financial Inc. Canaccord Genuity Corp. Cormark Securities Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | -3.47 % | 9.02 % | 49.46 % | -14.46 % |
| Post IPO Performance | -0.62 % | -0.62 % | -21.85 % |
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