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Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF) -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (305)	2/5/2008 6:50:10 PM
From: Madharry	Read Replies (2) \| Respond to of 544

TORONTO, Feb 5 (Reuters) - Detour Gold Corp (DGC.TO: Quote, Profile, Research) said on Tuesday it will sell C$65.2 million worth of shares by way of a bought deal private placement, and use the proceeds to continue development of its gold project in Northern Ontario. The company said a syndicate of underwriters led by BMO Capital Markets had agreed to buy 4 million special warrants to resell to the public at a price of C$16.30 per warrant. Each warrant entitles the holder to buy a share of the company. Detour's Toronto-listed shares eased 85 Canadian cents to C$16.30 before trading was halted ahead of the news release. The stock has more than quadrupled in price since it was listed early last year, and has picked up speed in the past month as the company has announced encouraging drilling results at its Detour Lake project. (my guess is that there was some short selling going on at higher levels by the buyers. nothing like easy money)