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Guyana Goldfields Inc Announces CAD100 Million Bought Deal Financing

Wednesday, 30 Jan 2013 03:34pm EST 

Guyana Goldfields Inc announced that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as bookrunner, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 29,420,000 common shares (the Common Shares), at a price of CAD3.40 per Common Share for gross proceeds of approximately CAD100 million (the Offering). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on February 22, 2013 and is subject to the Company receiving all necessary regulatory approvals. The net proceeds of the offering will be used to fund the development of the Aurora Gold project and for general corporate purposes. 

Company Quote

-0.24 -6.82%
15 Sep 2014