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Detour Gold Corp Announces Partial Exercise of Over-Allotment Option

Thursday, 10 Jan 2013 09:00am EST 

Detour Gold Corp announced that the underwriters of its recently completed bought deal public offering (previously announced on December 11, 2012), led by BMO Capital Markets, have purchased 50% of the 600,000 common shares available for issuance pursuant to the exercise of their over-allotment option. In total, 4,300,000 common shares at a price of CAD26.50 were issued for aggregate gross proceeds of CAD113,950,000. 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. 

Company Quote

-0.2629 -3.38%
3:52pm EST