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Edgewater Exploration Ltd Announces $5 Million Bought Deal Private Placement


Saturday, 26 Jan 2013 06:45am EST 

Edgewater Exploration Ltd announced that it has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Fraser Mackenzie Limited (collectively the Underwriters) pursuant to which the Underwriters have agreed to purchase 11,112,000 common shares (Common Shares) of the Company on a bought deal private placement basis at a price of $0.45 per Common Share (the Offering). The Underwriters were also granted an option to increase the Offering size by up to an additional 2,778,000 Common Shares, which would increase the total deal size to approximately $6.25 million, if exercised in full. he Offering is scheduled to close on or about February 13, 2013. The net proceeds of the Offering will be for continued advancement of the Company's Corcoesto Gold Project in Spain and for general working capital purposes. 

Company Quote

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23 Jul 2014