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Strategies & Market Trends : Ride the Tiger with CD

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To: Veteran98 who wrote (203856)	10/27/2011 2:50:36 PM
From: Veteran98	Read Replies (2) of 313013

PG looks like market getting held down until the PP closes on Oct 31... I'm giving it a shot at 5.35.... It's also close to home and not in some third world country run by some two bit moron... 2011-10-12 14:59 MT - News Release Premier Gold Mines arranges $30.5-million offering Premier Gold Mines Ltd. has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets and Canaccord Genuity Corp. to purchase two million common shares at $5.50 per common share and three million flow-through common shares at $6.50 per flow-through share for total gross proceeds of $30.5-million. The company has granted the underwriters an option to purchase up to an additional 15 per cent of the common shares and flow-through shares issued pursuant to the offering at the common-share and flow-through-share offering price, exercisable in whole or in part, at any time prior to the 30th day following the closing date. The net proceeds of the common-share offering will be used to finance Premier's exploration and development activities, and for general corporate purposes. The proceeds of the flow-through-common-share offering will be used by the company to incur Canadian exploration expenses prior to Dec. 31, 2012, on Premier's Canadian properties. The company will renounce the qualifying expenditures to subscribers of the flow-through shares for the fiscal year ended Dec. 31, 2011. The offering is expected to close on or about Oct. 31, 2011, and is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange. We seek Safe Harbor.

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