Client Work Detail
matter
Petaquilla Minerals Closes Brokered Private Placement of Units Through Casimir Capital
CLIENT
Casimir Capital LP
DATE
n/a
LAWYER(S)
On May 22, 2008 Petaquilla Minerals Ltd. ("Petaquilla") closed a brokered private placement of units (the "Units") to raise total gross proceeds of US $32,250,000, through Casimir Capital LP ("Casimir").
Each Unit consisted of a senior secured note in the principal amount of US $1,000 and a warrant of Petaquilla, entitling the holder to purchase one common share of Petaquilla at an initial price of $2.30 CAD per warrant for a period of five years from closing. The warrants contain weighted average anti-dilution price protection with a floor equivalent to $2.15 CAD.
Casimir was represented in Ontario by Ogilvy Renault LLP with a team comprised of Geoffrey Gilbert, Amy Wilson, Andrea Brewer and Walied Soliman (Securities).
