Belo Sun Mining (BSX-T) July 27, '16 has closed its previously announced bought deal financing with a syndicate of underwriters co-led by TD Securities Inc. and Canaccord Genuity, and including BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., Dundee Securities Ltd., and National Bank Financial Inc., pursuant to which the Company issued 77,320,000 common shares of the Company (each, a "Common Share") at a price of C$0.97 per Common Share, for aggregate gross proceeds of C$75,000,400 (the "Offering").
The net proceeds of the Offering will be used for pre-construction engineering activities, purchase of long lead time items, early project workings and working capital.
Agnico Eagle Mines Limited exercised its participation right to maintain its pro rata interest in full in connection with the Offering.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration and development company with a portfolio of gold-focused properties in Brazil. Belo Sun's primary focus is advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.
SOURCE Belo Sun Mining Corp.
Investor Relations:
(416) 309-2137,
info@belosun.com |
