TSX:SUE.WT - Post by User
Post by
RoyalBlueon Oct 29, 2010 2:19pm
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Post# 17631813
Over-allotment - $23M in the bank
Over-allotment - $23M in the bank
Sulliden Exploration Inc. Announces Closing of Financing
9:29am EDT
Sulliden Exploration Inc. announced the closing of its previouslyannounced public offering including the exercise of the over-allotmentoption in full. Pursuant to the terms of the financing, 18,400,000common shares (Common Shares) have been issued at a price of $1.25 perCommon Share for aggregate gross proceeds of $23,000,000.00 (Offering).The Common Shares were sold pursuant to an underwriting agreement with asyndicate of underwriters led by Wellington West Capital Markets Inc.and including Cormark Securities Inc., Fraser Mackenzie Limited, GMPSecurities L.P., TD Securities Inc. and Raymond James Ltd.(Underwriters). The Corporation intends to use the net proceeds of theOffering for exploration, acquisition of surface rights and generalcorporate purposes.