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To: marcos who wrote (165091)6/16/2009 5:16:55 PM
From: Sultan  Respond to of 313921
 
Detour Gold Announces $48.4 Million Bought Deal Offering

TORONTO, ONTARIO--(Marketwire - June 16, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and BMO Capital Markets under which the underwriters have agreed to buy 4,000,000 common shares of the Company ("Common Shares") at a price of $12.10 per Common Share, representing aggregate gross proceeds of $48,400,000. In addition, the underwriters will also have an option exercisable at any time until the closing of the offering to increase the size of this offering by up to an additional 400,000 Common Shares for additional gross proceeds of up to $4,840,000.

The Company intends to use the net proceeds of the offering to advance its Detour Lake gold project and for general corporate purposes.

Closing of this offering is expected to be on or about July 14, 2009 and is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals (including the approval of the Toronto Stock Exchange).



To: marcos who wrote (165091)6/16/2009 5:17:04 PM
From: Cogito Ergo Sum  Respond to of 313921
 
Seems this thinking also fits nicely with your many small positions logic :O)

Many can please you ... non can kill you (alone :O)



To: marcos who wrote (165091)6/16/2009 8:06:28 PM
From: Boolish  Respond to of 313921
 
The first time they always marry for love.... :) Second honeymoon is the Hilton.



To: marcos who wrote (165091)6/16/2009 10:31:20 PM
From: GoldBull no bug here  Respond to of 313921
 
Elegance ....huge fan of the concept here. Use it at work to achieve productivity that baffles the young ones. When they comment how do you do it? I say Pure Elegance. Which baffles them even more...ha,ha.

Working on applying the concept to my portfolio. Seems to require a certain detachment from the positions I'm holding... and viewing time as my friend. Working on it.

Cheers

Oh, and by the way, I'm the last man on earth without a cellphone. I'm not a doctor on call. You need to reach me 90% of the time I'm at home or at work.



To: marcos who wrote (165091)6/18/2009 8:15:55 AM
From: Condor  Read Replies (1) | Respond to of 313921
 
A beauty of a headline by Nadler......

"Crossed the Roubinicon on Deflation?"

kitco.com