GREY:GRFJF - Post by User
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jfallenangelon Sep 20, 2007 5:01pm
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Post# 13437969
C$30M Bought-Deal Offer at $3.05
C$30M Bought-Deal Offer at $3.05Western Goldfields Plans C$30M Bought-Deal Offer >WGI.T
September 20, 2007 4:50pm ET
DOW JONES NEWSWIRES
Toronto's Western Goldfields Inc. (WGI.T) has entered into an agreement with a syndicate of underwriters co-led by Wellington West Capital Markets Inc. and RBC Capital Markets to sell 9,840,000 shares at C$3.05 each, for proceeds of C$30,012,000.
Western Goldfields said the financing is scheduled to close on or about Oct. 12 and proceeds will be used for general corporate purposes.
Western Goldfields is a mining company.
According to the TSX Web site, the company has about 118 million shares outstanding.
-Tara Zachariah; 416-306-2100; AskNewswires@dowjones.com
(END) Dow Jones Newswires
09-20-07 1649ET
Copyright (c) 2007 Dow Jones & Company, Inc.