Bear Creek Mining (BCM-V) July 26, '16 is very pleased to announce that it has closed its bought deal short form prospectus financing (the "Offering") through a syndicate of underwriters led by Paradigm Capital Inc. and BMO Capital Markets and including Raymond James Ltd., Canaccord Genuity Corp. and Haywood Securities Inc. The Company issued 8,667,000 Common Shares (the "Common Shares"), at a price of Cdn $3.00 per Common Share for gross proceeds of Cdn $26,001,000. The Underwriters also exercised their over-allotment option to acquire an additional 1,300,050 Common Shares for additional gross proceeds of Cdn $3,900,150. Including the proceeds from the exercise of the over-allotment option, the total gross proceeds of the Offering were Cdn $29,901,150 with a total of 9,967,500 Common Shares being issued. The Underwriters received a cash fee equal to 5% of the gross proceeds of the Offering
On behalf of the Board of Directors,
Andrew Swarthout
President and CEO
SOURCE Bear Creek Mining Corporation
 Barbara Henderson, Director of Investor Relations,
Direct: 604-628-1111,
E-mail: barb@bearcreekmining.com , Or
visit www.bearcreekmining.com |
