SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (16004)2/18/2016 6:56:35 PM
From: Goose94Read Replies (1) | Respond to of 202700
 
BCM-V 6 month high



To: Goose94 who wrote (16004)7/6/2016 8:42:38 AM
From: Goose94Read Replies (1) | Respond to of 202700
 
Bear Creek Mining (BCM-V) July 6, '16 announces that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by Paradigm Capital Inc. and BMO Capital Markets, under which the Underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 8,667,000 Common Shares (the "Common Shares"), at a price of Cdn $3.00 per Common Share for gross proceeds of Cdn $26,001,000 (the "Offering"). In addition, the Company has granted the Underwriters an option, exercisable at the issue price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the offering to cover over-allotments, if any. The Offering is expected to close on or about July 26, 2016 and is subject to Bear Creek receiving all necessary regulatory approvals.

The Company intends to use the net proceeds from the Offering primarily to accelerate the development pathway of its flagship Corani silver-lead-zinc project by: commissioning detailed engineering plans required to secure a Construction Permit; commencing various pre-construction and infrastructure initiatives; and solidifying its strong social licence and community relationships. A minor portion of the proceeds will be used for general working capital purposes. The Corani project is one of the largest undeveloped silver deposits in the world.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States 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.

On behalf of the Board of Directors,

Andrew Swarthout
President and CEO



Barbara Henderson, Director of Investor Relations,
Direct: 604-628-1111,
E-mail: barb@bearcreekmining.com
Or visit www.bearcreekmining.com