GREY:GUYFF - Post by User
Post by
backflipson Jun 12, 2013 11:20am
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Post# 21558224
JUST A REMINDER ! $$$$$$$
JUST A REMINDER ! $$$$$$$ Just 6 months ago a 100 million raised at $3.40 a share, looks like its on sale.Press Releases
Guyana Goldfields Inc. Announces C$100 Million Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, Jan. 30, 2013 /CNW/ - Guyana Goldfields Inc. (TSX:GUY) (the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as bookrunner, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 29,420,000 common shares (the "Common Shares"), at a price of C$3.40 per Common Share for gross proceeds of approximately C$100 million (the "Offering"). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on February 22, 2013 and is subject to the Company receiving all necessary regulatory approvals.
The net proceeds of the offering will be used to fund the development of the Aurora Gold project and for general corporate purposes.