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Richmont Mines Completes CAN$31 Million Bought Deal Financing
Richmont Mines Completes CAN$31 Million Bought Deal Financing Richmont Mines Compl...
About this update from Richards Group Inc.
[{"type":"text","content":"\n\n\n\nRichmont Mines Completes CAN$31 Million Bought Deal Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nRichmont Mines Completes CAN$31 Million Bought Deal Financing\nCanada NewsWire\nTORONTO, June 7, 2016\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, June 7, 2016 /CNW Telbec/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) (\"Richmont\" or the \"Corporation\") announces today that it has completed the previously announced bought-deal prospectus offering (the \"Offering\"). Pursuant to the Offering, the Corporation has issued 2,990,000 common shares (the \"Common Shares\") at a price of CAN$10.40 per Common Share (the \"Offering Price\") for gross proceeds of approximately CAN$31 million, that includes 390,000 common shares issued pursuant to the exercise in full of the underwriter's over-allotment option. The Offering was led by Macquarie Capital Markets Canada Ltd. on behalf of a syndicate of underwriters (the \"Underwriters\"). The Corporation intends to use the net proceeds of the Offering to aggressively expand the current exploration program as well as potential organic growth opportunities at the cornerstone Island Gold Mine.\n\nThe final short form prospectus and the documents incorporated by reference therein may be obtained upon request from the Secretary of the Corporation at 161 Avenue Principale, Rouyn-Noranda, Québec J9X 4P6 and via www.sedar.com.\n\nThe Common Shares 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.\n\nAbout Richmont Mines Inc.Richmont Mines has produced over 1.6 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec. Founded in 1981 and with mor...