Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Detour Gold Corp Announces CAD153 Million Bought Deal Offering


Tuesday, 21 May 2013 03:15pm EDT 

Detour Gold Corp announced that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to buy 17,500,000 common shares of the Company (Common Shares) at a price of CAD8.75 per Common Share, representing aggregate gross proceeds of CAD153,125,000. In addition, the underwriters will also have an over-allotment option exercisable at any time until 30 days following the closing of the offering to increase the size of this offering by up to an additional 2,625,000 Common Shares for additional gross proceeds of up to CAD22,968,750. The Company intends to use the net proceeds of the offering for working capital during the ramp-up of the Detour Lake mine and for general corporate purposes. Closing of this offering is expected to be on or about June 11, 2013 and is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals (including the approval of the Toronto Stock Exchange). 

Company Quote

10.06
0.22 +2.24%
4:00pm EDT