Deal sells 3.53 million shares at C$7.10 apiece on a bought-deal basis
By Devika Patel
Knoxville, Tenn., March 7 - Extorre Gold Mines Ltd. said it will conduct a C$25.06 million private placement of stock. Canaccord Genuity Corp. is the underwriter.
The company will sell 3.53 million common shares at C$7.10 per share on a bought-deal basis. The price per share reflects a 5.21% discount to the March 6 closing share price of C$7.49.
Settlement is expected March 15.
Proceeds will be used for exploration and development of the company's mineral projects in Argentina and for general working capital.
Based in Vancouver, B.C., Extorre is a gold exploration company.
| Issuer: | Extorre Gold Mines Ltd.
|
| Issue: | Common shares
|
| Amount: | C$25,063,000
|
| Shares: | 3.53 million
|
| Price: | C$7.10
|
| Warrants: | No
|
| Underwriter: | Canaccord Genuity Corp.
|
| Pricing date: | March 7
|
| Settlement date: | March 15
|
| Stock symbol: | Toronto: XG
|
| Stock price: | C$7.49 at close March 6
|
| Market capitalization: | C$713.27 million
|
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