McLeod Law Advises Upside Gold Corp. on $5.1 Million Brokered Private Placement

McLeod Law advised Upside Gold Corp. (CSE: UG) on the successful closing of its brokered private placement financing for aggregate gross proceeds of approximately $5.1 million.

The offering was led by Beacon Securities Limited as sole agent and bookrunner and included a combination of non-flow-through and flow-through securities. The financing was completed with investors across Canada and in certain international jurisdictions, including qualified institutional buyers in the United States.

The proceeds of the financing will support the advancement of Upside Gold’s Kena Gold-Copper Project in southeastern British Columbia. In accordance with applicable flow-through financing requirements, a portion of the proceeds will be used to incur eligible Canadian exploration expenses and qualifying flow-through mining expenditures on the project.

The closing represents an important milestone for Upside Gold as it continues to advance exploration activities at the Kena Project and strengthen its position as a Canadian gold-copper exploration company.

The McLeod Law team was led by Eugene Chen, with support from Jennifer Hanna (Tax), Ivana Palacios (Corporate and Securities) and Melissa Furlong (Corporate and Securities).

Read the company’s full announcement here.