Business
Belo Sun Mining Announces Agnico Eagle's Intention to Exercise Participation Right
TORONTO, ONTARIO--(Marketwired - July 7, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Belo Sun Min
About this update from Belo Sun Mining Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - July 7, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Belo Sun Mining Corp. (TSX:BSX) (the \"Company\"): Further to its previously announced bought deal with a syndicate of underwriters co-led by TD Securities Inc. and Canaccord Genuity Corp., under which the underwriters have agreed to purchase on a bought deal basis by way of a short form prospectus, 77,320,000 common shares (the \"Common Shares\"), at a price of $0.97 per Common Share (the \"Offering\"), the Company is pleased to announced that Agnico Eagle Mines Limited has indicated it intends to exercise its participation right in full and participate in the Offering to maintain its pro-rata interest in connection with the Offering. The Offering is expected to close on or about July 27, 2016 and is subject to the Company receiving all necessary regulatory approvals. The net proceeds of the Offering will be used for pre-construction engineering activities, purchase of long lead time items, early project workings and working capital. 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. About the Company Belo Sun Mining Corp. is a Canadian-based mineral exploration and development company with a portfolio of gold-focused properties in Brazil. Belo Sun's primary focus is advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol \"BSX\". For more information about Belo Sun please visit www.belosun.com. Caution regarding forward-looking information: This press release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the success of the offering, timing for closing, and proposed use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminolog...