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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (7099)	2/12/2009 12:01:12 AM
From: LLCF	Read Replies (2) \| Respond to of 23093

LOL... as we saw in Dec/Nov.... it's more important to buy when no one else wants to. :) I don't have much time these days, but am certainly bullish & invested in the sector. dAK

To: koan who wrote (7099)	2/12/2009 10:37:36 AM
From: roymario	Read Replies (1) \| Respond to of 23093

CSI refinancing. R. Colossus arranges $21.5-million financing 2009-02-12 09:12 ET - News Release Mr. Ari Sussman reports COLOSSUS MINERALS INC. ANNOUNCES CDN$21,500,000 BOUGHT DEAL FINANCING Colossus Minerals Inc. has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Canaccord Capital Corporation, GMP Securities L.P., Dundee Securities Corporation, Haywood Securities Inc. and Blackmont Capital Inc. which have agreed to purchase, on a bought deal basis, 10,000,000 units, each unit comprised of one common share and one-half of one common share purchase warrant of the company, at a price of $2.15 per unit for aggregate gross proceeds to Colossus of $21.5-million. Each warrant will entitle the holder to acquire one common share at a price of $2.70 for a period of two years following closing. In the event that the closing price of the common shares on the Toronto Stock Exchange is in excess of $3.75 for a period of 20 consecutive trading days at any time after the closing of the offering, the company may, at its option, accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case the warrants will expire at 4 p.m. (Eastern Time) on the date which is the earlier of: (i) the 30th day after the date on which such notice is given by the company and (ii) the two year anniversary of the closing of the offering. The company has agreed to grant the underwriters an over-allotment option to purchase up to an additional 1.5 million units at a price of $2.15 per unit for additional aggregate gross proceeds to Colossus of $3.22-million, exercisable at the offering price, in whole or in part, any time on or prior to the date that is 30 days following the closing date. If this option is exercised in full, the aggregate gross proceeds to Colossus will be $24.72-million. The units will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, except Quebec. The net proceeds are intended to be used to fund expenditures on the Serra Pelada project and other exploration activities and for general working capital and corporate purposes. The offering is expected to close on or about March 10, 2009, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons 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.