GREY:KXLAF - Post by User
Post by
mark5698on Nov 09, 2004 11:19am
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Post# 8155387
Ouch
OuchPlacer Dome announces pricing of equity offering
All amounts in U.S. dollars
VANCOUVER, Nov. 9 /CNW/ - Placer Dome Inc. (NYSE, TSX, ASX: PDG) has
executed an underwriting agreement with respect to its previously announced
equity offering at $22 per share. The pricing will result in the issuance of
approximately 18.5 million common shares, not including an option granted to
the underwriters to purchase up to approximately 2.7 million common shares at
$22 per share to cover over-allotments, if any. The offering is expected to
close on November 23, 2004.
Net proceeds from the offering will be used for general corporate
purposes, which may include funding of new project development and other
capital expenditures.
CIBC World Markets and Scotia Capital are lead managers for the offering,
and Deutsche Bank Securities Ltd., HSBC Securities (Canada) Inc., Merrill
Lynch Canada Inc., UBS Securities Canada Inc., BMO Nesbitt Burns Inc., J.P.
Morgan Securities Inc., GMP Securities Ltd., National Bank Financial Inc. and
Salman Partners Inc. are co-managers.
Good luck to all