Keegan Resources Inc. Announces CAD$185 Million Bought Deal Financing

About this update from Galiano Gold, Inc.

[{"type":"text","content":"\n\n\n\n Jan. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES \nOR FOR DISSEMINATION IN THE UNITED STATES\n\n\nVANCOUVER, Jan. 18 /CNW/ - Keegan Resources Inc. (TSX:KGN) (NYSE Amex: KGN) ("Keegan" or the\n "Company") is pleased to announce that it has entered into an agreement with a\n syndicate of underwriters co-led by Canaccord Genuity Corp. and Clarus\n Securities Inc. and including Dundee Securities Corp., CIBC World\n Markets and BMO Capital Markets (the "Underwriters"), pursuant to which\n the Underwriters have agreed to purchase, on a bought deal basis,\n pursuant to a short form prospectus, 24,700,000 common shares (the "Common Shares") of the Company at a price of\n CAD$7.50 per share for gross proceeds of CAD$185,250,000 (the "Underwritten\n Offering").  In addition, the Company will grant the Underwriters an\n over-allotment option, exercisable for a period of up to 30 days after\n the closing of the Underwritten Offering, to purchase from the Company\n up to an additional 3,705,000 common shares at CAD$7.50 per share to cover over-allotments (the\n "Over-Allotment Option", and together with the Underwritten Offering,\n the "Offering").\n\n\nThe Underwriters will receive a cash commission of 4.5% of the gross\n proceeds raised, and share purchase warrants entitling the Underwriters\n to purchase, at a price of $7.50 per share within...

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