Same legal firm?Check the wording in this release for one of my other holdings. Other than the $ amount and closing date, the clauses are not unlike those of PCY.
| OREZONE ANNOUNCES APPROXIMATELY C$40 MILLION EQUITY FINANCING
Canada NewsWire | |
| | /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 2 /CNW/ - OREZONE GOLD CORPORATION (ORE:TSX) (the "Company" or "Orezone") is pleased to announce that it has filed a preliminary short form prospectus in connection with an overnight marketed public offering (the "Offering") of the Company's common shares ("Common Shares") to raise approximately C$40,000,000. The Offering will be conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (the "Underwriters"). The Company will also grant the Underwriters an over-allotment option to purchase up to that number of additional Common Shares equal to 15% of the Common Shares sold pursuant to the Offering, exercisable at any time up to 30 days after the closing of the Offering. The Offering will be priced in the context of the market with final terms of the Offering to be determined at the time of pricing. The Company intends to use the net proceeds from the Offering to fund the exploration and development of the Bomboré, Sega and Bondi projects as well as other regional projects and for general corporate purposes. The Offering is expected to close on or around December 21, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and other securities regulatory authorities. |