Financing Cdn$10,188,000. TORONTO, ONTARIO--(Marketwired - Feb. 23, 2016) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has issued 400,000 common shares on a flow-through basis ("Flow-Through Shares") at a price of Cdn$25.47 per Flow-Through Share for aggregate gross proceeds of Cdn$10,188,000.
Closing occurred on February 22, 2016. The Flow-Through Shares are subject to a four-month hold period in Canada.
Gross proceeds from the sale of the Flow-Through Shares will be used to fund qualifying ongoing exploration activities on the Company's large land position at Detour Lake.
About Detour Gold
Detour Gold is an intermediate gold producer in Canada that holds a 100% interest in the Detour Lake mine, a long life large-scale open pit operation. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.
Detour Gold Corporation, Commerce Court West, 199 Bay Street, Suite 4100, P.O. Box 121, Toronto, Ontario M5L 1E2
Read more at https://www.stockhouse.com/news/press-releases/2016/02/23/detour-gold-closes-flow-through-financing#YHAVuzmJ3KhUh8SB.99