In the event all warrants are exercised, an additional $81 million will be paid to Yamana, for total gross proceeds under the sales transaction of $201 million. The units were sold on behalf of Yamana through Stifel GMP and Cormark Securities Inc. The shares were sold through block trades in Canada and the warrants were issued on a private placement basis, and such securities were sold on a private placement basis in the U.S. and other jurisdictions outside of Canada and the U.S. Cassels Brock & Blackwell LLP acted for Yamana with a deal team that included Mark Bennett, Andrea FitzGerald, Greg Hogan, Jamie Litchen and Tiffany Chiu (securities and mining).