On October 6, 2025, Carcetti Capital Corp. completed brokered and non-brokered private placements of subscription receipts for aggregate gross proceeds of $756 million. The syndicate of underwriters under the brokered offering was led by Scotiabank, as lead underwriter and sole bookrunner, and included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., Stifel Nicolaus Canada Inc. and Agentis Capital Markets.
The Company will use a portion of the proceeds from the financings to fund the cash consideration contemplated in the definitive agreement to acquire a 100% interest in the Hemlo Gold Mine in Ontario, Canada from wholly-owned subsidiaries of Barrick Mining Corporation.
BLG is representing Carcetti with a team led by Graeme Martindale and including Kent Kufeldt, Fred Pletcher, Salvador Pimentel, James Cantwell, George Collister, Merritt Loh and Makena Anderson (M&A/Securities); Randy Morphy, Robert Biggar and Yifei Yang (Tax); Andrew Zinman and James Fu (Labour & Employment); Elly Seddon (Financial Services); Christopher Roine and Claudia Wheeler (Indigenous); and Denes Rothschild (Competition).