Offering is brokered by Cormark Securities; funds go for exploration
By Devika Patel
Knoxville, Tenn., Oct. 11 - Brigus Gold Corp. said it will conduct a C$10 million private placement of stock through a syndicate of underwriters led by Cormark Securities Inc. and including Haywood Securities Inc., Fraser Mackenzie Ltd., Primary Capital Inc. and Casimir Capital Ltd.
The company will sell 8,264,500 flow-through common shares at C$1.21 per share. The price per share is a 17.48% premium to the Oct. 10 closing share price of C$1.03.
Settlement is expected Nov. 1.
Proceeds will be used to explore the Black Fox Complex in Ontario.
The gold mining company is based in Greenwood Village, Colo.
| Issuer: | Brigus Gold Corp.
|
| Issue: | Flow-through common stock
|
| Amount: | C$10 million
|
| Shares: | 8,264,500
|
| Price: | C$1.21
|
| Warrants: | No
|
| Underwriters: | Cormark Securities Inc. (lead), Haywood Securities Inc., Fraser Mackenzie Ltd., Primary Capital Inc. and Casimir Capital Ltd.
|
| Pricing date: | Oct. 11
|
| Settlement date: | Nov. 1
|
| Stock symbol: | Toronto: BRD
|
| Stock price: | C$1.03 at close Oct. 10
|
| Market capitalization: | C$228.2 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
