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

To: Andrew~ who wrote (20209)	7/19/2016 9:19:55 AM
From: Goose94	Read Replies (1) \| Respond to of 202700

Lundin Gold (LUG-T) July 19, '16 is pleased to announce that it has closed the first tranche of its previously announced bought deal equity offering of 15,000,000 common shares (the "Shares") at a price of C$5.50 per Share for aggregate gross proceeds of C$82,500,000 (the "Offering"). A total of 10,000,000 Shares were sold under the first tranche for gross proceeds to the Company of C$55,000,000. The Offering was conducted through a syndicate led by GMP Securities L.P. and including BMO Nesbitt Burns Inc., Dundee Securities Ltd., Cormark Securities Inc., Paradigm Capital Inc., Scotia Capital Inc. and Pareto Securities AS (collectively, the "Underwriters"). The Underwriters have been granted the option (the "Over-Allotment Option") to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 30 days from the date of the satisfaction of the Swedish Prospectus Condition (as defined below). The closing of the second tranche, being 5,000,000 Shares plus any Shares to be acquired on the exercise of the Over-Allotment Option (if any) is expected to occur on or about August 11, 2016. The second closing is conditional upon the approval and registration with the Swedish Financial Supervising Authority of a prospectus, and the subsequent publication of the prospectus, regarding the listing of the Shares on the NASDAQ Stockholm (the "Swedish Prospectus Condition"). The net proceeds of the Offering are expected to be used to repay amounts owing under the Company's US$18 million credit facility (currently US$8 million), to fund the Early Works program at the Fruta del Norte Project and basic engineering and for general corporate purposes (as more fully described in the prospectus dated July 12, 2016 and filed by the Company in respect of the Offering). About the Company Lundin Gold Inc. owns the Fruta del Norte ("FDN") gold project located in southeast Ecuador. FDN is one of the largest and highest grade undeveloped gold projects in the world. The Company is advancing FDN in order to realize the significant potential of this asset. The Company believes that the value created will not only greatly benefit shareholders, but also the Government and people of Ecuador who are the Company's most important stakeholders in this project. Lundin Gold views its commitment to corporate social responsibility as a strategic advantage that enables it both to access and effectively manage business opportunities in increasingly complex environments. Lundin Gold is committed to addressing the challenge of sustainability - delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities and minimizing its environmental footprint. Lundin Gold Inc. Ron F. Hochstein President and CEO +593-2-299-6400 +1-604-806-3589 Lundin Gold Inc. Sophia Shane Corporate Development +1-604-689-7842 info@lundingold.com www.lundingold.com