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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (10365)	5/9/2002 10:54:24 AM
From: D.Austin	Read Replies (2) \| Respond to of 10482

datekdj.newsalert.com what is that in US currency ? a buck ? more Bema Enters Into Bought Deal Financing Agreement For CDN$ 15 Million /Not for distribution to United States newswire services or for dissemination in the United States./ TORONTO, May 9 /CNW/ - Bema Gold Corporation ("Bema") is pleased to announce that it entered into an agreement for a bought deal financing with a syndicate of firms lead by Canaccord Capital Corporation and Haywood Securities Inc. and including Sprott Securities Inc. Bema will issue 10,000,000 units at $1.50 per unit for gross proceeds of CDN$15 million and will file a short form prospectus to clear these units. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to subscribe for one additional common share at a price of $2.00 and expire 12 months from closing. The Underwriters will have an option, until closing, to purchase up to an additional 6,666,667 units at the issue price. Proceeds from this offering will be used for additional drilling at the Julietta Mine, potential acquisitions in Russia and working capital.