To: Goose94 who wrote (18481 ) 6/7/2016 9:24:24 AM From: Goose94 Read Replies (1) | Respond to Richmont Mines (RIC-T) June 7, '16 announces today that it has completed the previously announced bought-deal prospectus offering. Pursuant to the Offering, the Corporation has issued 2,990,000 common shares at a price of CAN$10.40 per Common Share for gross proceeds of approximately CAN$31 million, that includes 390,000 common shares issued pursuant to the exercise in full of the underwriter's over-allotment option. The Offering was led by Macquarie Capital Markets Canada Ltd. on behalf of a syndicate of underwriters (the "Underwriters"). The Corporation intends to use the net proceeds of the Offering to aggressively expand the current exploration program as well as potential organic growth opportunities at the cornerstone Island Gold Mine.www.sedar.com About Richmont Mines Inc. Richmont Mines has produced over 1.6 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec. Founded in 1981 and with more than 35 years of experience in gold production, exploration and development, combined with prudent financial management, the Corporation is well positioned to cost-effectively build its Canadian asset base and to successfully advance its next phase of growth.http://stream1.newswire.ca/media/2016/06/06/20160606_C2342_PDF_EN_707306.pdf
