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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 496.02

+0.3%

Jan 29 4:00 PM EST

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To: Andrew who wrote (26)	8/20/2003 12:13:37 AM
From: Andrew	Read Replies (1) of 29622

BGO more dilution Stockwatch News Item Bema Gold Corp (C-BGO) - News Release Bema enters $60-million bought-deal financing Bema Gold Corp BGO Shares issued 318,524,765 Aug 18 2003 close $ 2.92 Tuesday August 19 2003 News Release Mr. Clive Johnson reports BEMA ENTERS INTO 'BOUGHT DEAL' FINANCING AGREEMENT FOR CDN$60 MILLION Bema Gold has entered into an agreement for a bought-deal financing with a syndicate of underwriters. Bema will issue 20 million common shares at $3.00 per common share for gross proceeds of $60-million. The underwriters have the option to purchase up to an additional three million common shares at the offering price until 48 hours from closing. Bema will file a short-form prospectus to clear these shares. Proceeds from this offering will be used to further advance the Kupol property in Russia and for general corporate purposes. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

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