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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11063)	1/20/2015 6:44:13 PM
From: Goose94	Read Replies (2) \| Respond to of 203397

Richmont Mines (RIC-T) Jan 20, '14 announces that it has entered into an agreement with Macquarie Capital Markets Canada Ltd. ("Macquarie") as lead underwriter, on behalf of a syndicate of underwriters, for the issuance of 7.5 million common shares of the Corporation, on a bought-deal basis, at a price of CAN$4.00 per share (the "Offering Price") for gross proceeds of CAN$30 million (the "Offering"). The syndicate of underwriters also includes CIBC World Markets Inc., National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., and PI Financial Corp. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 1.125 million common shares from the Corporation (the "Over-Allotment Option"), exercisable in whole or in part at the Offering Price for a period of 30 days from closing of the Offering, for additional gross proceeds of up to approximately CAN$4.5 million. If the Over-Allotment Option is exercised in full, the total gross proceeds to Richmont will be CAN$34.5 million. Richmont plans to apply the net proceeds of the Offering in their entirety toward accelerating the transformational development of the one million ounce resource at its Island Gold Mine in Ontario that is currently underway, and as summarized in the Corporation's January 15th, 2015 press release. According to the terms of the Offering, the Corporation's common shares will be issued under a short-form prospectus to be filed in certain provinces of Canada, pursuant to the short-form prospectus system contemplated by National Instrument 44-101 - short form prospectus distributions. The Offering is expected to close on or about February 11, 2015, and is subject to certain conditions, including but not limited to the receipt of all necessary approvals including those of the Toronto Stock Exchange and the New York Stock Exchange Market. Richmont Mines Inc. Jennifer Aitken, MBA Investor Relations Manager 514 397-1410 ext. 101 jaitken@richmont-mines.com www.richmont-mines.com