A $5,700,000 Private Placement Closed by BCF Client Alliance Magnesium

July 5th, 2016

On June, 22, 2016, Alliance Magnesium Inc. (AMI) announced a major private placement, which it completed with the assistance of BCF partners Gilles Seguin and Adam Allouba.

Under the $5,700,000 offering, AMI issued 38 million units to Alternative Capital Group Inc. (ACG). Each unit consists of one Class “A” share and one warrant entitling the holder to acquire one Class ”A” share of AMI at a price of $0.25 for a four-year period from the closing date. This agreement adds to AMI’s funding of over $6 million from agreements signed with its public and institutional partners.

This investment enables AMI to implement its business plan, which consists of extracting magnesium from the serpentine rock on the Magnola Metallurgy site in the Eastern Townships in Québec. AMI's engineering works and project implementation began in 2015.

Our Lawyers

Gilles Seguin, who represented Alliance Magnesium in this transaction, is acknowledged as one of the most prominent lawyers in his field. Head of the securities law strategic team, he is the leading Quebec expert in Exempt Market Securities. His practice focuses on securities law, mergers and acquisitions, and corporate law. He has extensive experience in takeover bids, public offerings, and private placements and he is a member of both the Barreau du Québec and the Barreau de Paris.

Adam Allouba advises his clients on transactional and regulatory matters, including private placements, prospectus offerings, mergers and acquisitions. Adam is a member of both the Barreau du Québec and the New York State Bar Association and is a member of the firm's securities law strategic team.

To learn more about Alliance Magnesium, click here.