NEWS ... BOUGHT DEAL At least no warrants were attached...........
SilverCrest Mines Announces $26.1 Million Bought Deal
https://www.marketwire.com/press-release/silvercrest-mines-announces-261-million-bought-deal-tsx-venture-svl-1709667.htm
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE Amex:SVLC) (the "Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including Canaccord Genuity Corp. (the "Underwriters"), to purchase 10,235,000 common shares of the Company (the "Common Shares") at a price of $2.55 per Common Share for gross proceeds of $26,099,250 on a bought deal basis (the "Offering").
The Company has also granted the Underwriters an over-allotment option to increase the size of the Offering by up to an additional 15%, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering.
The net proceeds from the Offering will be used to eliminate the remainder of the Company's gold hedge commitments and for general corporate purposes including working capital.
Closing of the Offering is anticipated to occur on or about October 30, 2012 (the "Closing Date") and is subject to the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.
The Underwriters will receive a cash commission on the Closing Date equal to 5.5% of the gross proceeds of the Offering.
The Common Shares will be offered in all provinces of Canada (except Quebec) by way of a short form prospectus.