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

To: Andrew~ who wrote (20936)	8/9/2016 8:58:40 AM
From: Goose94	Read Replies (2) \| Respond to of 202700

Lundin Gold (LUG-T) Aug 9, '16 is pleased to announce that it has closed the second tranche of its previously announced bought deal equity offering. A total of 5,000,000 common shares (the "Shares) were sold under the second tranche at a price of CAD$5.50 per Share for gross proceeds to the Company of CAD$27,500,000. In addition, the Underwriters (as defined below) exercised the over-allotment option in full and purchased 2,250,000 additional common shares, representing 15% of the total offering, at the offering price for additional gross proceeds to the Company of CAD$12,375,000. Combined with the first tranche, the total gross proceeds raised under the offering was CAD$94,875,000. 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 net proceeds of the Offering are being used to fund the Early Works program at the Fruta del Norte Project, basic engineering and optimization of capital cost estimates at the Fruta del Norte Project and general corporate purposes (as more fully described in the prospectus dated July 12, 2016 and filed by the Company in respect of the Offering). An aggregate of US$8 million from the closing of the first tranche of the offering on July 19, 2016 has been used to repay in full amounts owing under the Company's credit facility. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities 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. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation and/or the Swedish Securities Market Act. This information was publicly communicated on August 9, 2016 at 5:45 a.m. PT. 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