By Sheri Kasprzak
Atlanta, June 9 - Wesdome Gold Mines Inc. plans to raise up to C$8 million in a private placement.
The deal includes up to 5 million flow-through shares at C$1.60 each.
A syndicate of placement agent led by Westwind Partners Inc. is placing the offering. The other members of the syndicate include Research Capital Corp., Pollitt and Co. Inc. and Lowen Ondaatje McCutcheon Ltd.
The agents have an over-allotment option for up to C$1 million in additional proceeds.
The deal is expected to close June 29.
Based in Toronto, Wesdome is a gold exploration and development company. The proceeds will be used for exploration and drilling on the company's Quebec properties.
| Issuer: | Wesdome Gold Mines Inc.
|
| Issue: | Flow-through shares
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| Amount: | C$8 million (maximum)
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| Greenshoe: | For up to C$1 million
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| Shares: | 5 million
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| Price: | C$1.60
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| Warrants: | No
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| Placement agents: | Westwind Partners Inc. (lead); Research Capital Corp.; Pollitt and Co. Inc.; Lowen Ondaatje McCutcheon Ltd.
|
| Pricing date: | June 9
|
| Settlement date: | June 29
|
| Stock price: | C$1.45 at close June 9
|
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