Business
Norsemont Announces Exercise of Bought-Deal Over-Allotment Option
Norsemont Announces Exercise of Bought-Deal Over-Allotment Option
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\nNov. 12, 2009 (Canada NewsWire Group) -- TORONTO and LIMA, Peru, Nov. 12 /CNW/ -- Norsemont Mining Inc. (TSX: NOM, BVL: NOM) (\"Norsemont\", the \"Company\") today announced that the underwriting syndicate of its recently closed bought-deal offering, led by Scotia Capital Inc., has exercised in full the over-allotment option and purchased an additional 1,277,250 units (the \"Units\") at a price of $2.35 per Unit, representing aggregate gross proceeds of $3,001,537. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for one common share at an exercise price of $2.75 per common share on or before April 30, 2011.Together with the Units sold on November 3, 2009, the Company has issued an aggregate of 9,792,250 Units consisting of 9,792,250 common shares and 4,896,125 common share purchase warrants representing aggregate gross proceeds of $23,011,787.The Units being offered have not been and will not be registered under the United States Securities Act of 1933 and state securities laws. Accordingly, the Units may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.About NorsemontNorsemont Mining is a Canadian mineral exploration and development company focused on the 100 percent-controlled Constancia Cu-Mo-Ag-Au deposit in southern Peru. The Company's Constancia project is located approximately 100 kilometres south of Cusco, Peru. Results of an independent definitive feasibility study on the Constancia deposit were announced in September 2009. Please refer to the Company's website for the full 43-101 Technical Report. The company's shares are traded on the Toronto Stock Exchange under the symbol NOM, and on the Bolsa de Valores, Lima also under the symbol NOM.Cautionary Statement Regarding Forward-Looking InformationCertain statements in this press release relating to the Company's capital management, development projects, exploration properties, project expenditures and business plans are \"forward-looking statements\" within the meaning of securities legislation. The Company does not intend, and d...