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Detour Gold Corp announces C$150 mln bought deal offering


Tuesday, 18 Feb 2014 03:15pm EST 

Detour Gold Corp:Says it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets and RBC Capital Markets.Says the underwriters have agreed to buy 16,220,000 common shares of the company at a price of C$9.25 per Common Share, representing aggregate gross proceeds of C$150,035,000.Says the company intends to use up to half of the net proceeds of the offering to reduce short-term debt levels and the remainder for working capital purposes.Says the closing of this offering is expected to be on or about Mar. 7. 

Company Quote

9.85
0.13 +1.34%
21 Nov 2014