RE: PP at $0.95' Here's the Official ReleaseVANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Hudson Resources Inc. (TSX VENTURE:HUD)(OTCQX:HUDRF) ("Hudson" or the "Company") is pleased to announce that it has entered into an underwriting agreement with a syndicate of underwriters to complete its previously announced offering of 15.8 million common shares at a price of Cdn
.95 per share (the "Offering Price") to raise aggregate gross proceeds of Cdn$15,010,000 (the "Offering"). The Company has also granted the underwriters an option to purchase up to 2.37 million additional common shares at the Offering Price within 30 days following closing to cover over-allotments, if any, and for market stabilization purposes. A final short form prospectus has been filed today in connection with the Offering with the securities regulatory authorities in Alberta, British Columbia and Ontario, and the Company expects to close the Offering on or about April 5, 2011.
Dahlman Rose & Company, LLC and GMP Securities L.P. are acting as joint book-running managers for the Offering along with Stonecap Securities Inc. and Euro Pacific Canada Inc. acting as co-managers.