By Devika Patel
Knoxville, Tenn., Feb. 5 - Detour Gold Corp. said it plans a C$65.2 million private placement of special warrants through a syndicate of underwriters led by BMO Capital Markets.
The company will sell 4 million special warrants at C$16.30 apiece. Each warrant is convertible into common shares at no additional cost.
Settlement is expected on Feb. 21.
Proceeds will be used for exploration and development.
Detour Gold is a mineral exploration company based in Toronto.
| Issuer: | Detour Gold Corp.
|
| Issue: | Special warrants convertible into common shares
|
| Amount: | C$65.2 million
|
| Warrants: | 4 million
|
| Price: | C$16.30
|
| Underwriter: | BMO Capital Markets (lead)
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 21
|
| Stock symbol: | Toronto: DGC
|
| Stock price: | C$17.15 at close Feb. 4
|
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