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Wesdome closes C$17 million bought deal financing
Wesdome closes C$17 million bought deal financing Wesdome closes C$17 million boug...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nWesdome closes C$17 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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nWesdome closes C$17 million bought deal financing\nCanada NewsWire\nTORONTO, April 29, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, April 29, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX:WDO)(\"Wesdome\" or the \"Company\") is pleased to announce that it has closed its previously announced public offering (the \"Offering\") of 10,465,000 common shares (\"Common Shares\") at a price of C$1.65 per Common Share, for total gross proceeds of C$17,267,250, including the exercise in full of the over-allotment option by the underwriters.\n\nThe Common Shares were sold pursuant to an underwriting agreement through a syndicate of underwriters co-led by National Bank Financial Inc. and Mackie Research Capital Corporation and including Dundee Securities Ltd., Clarus Securities Inc. and M Partners Inc.\n\nWesdome intends to use the net proceeds of the Offering for mill expansion and associated infrastructure at the Company's Eagle River Complex, and for working capital and general corporate purposes. \n\nABOUT WESDOME\n\nWesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome's goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 129 million Common Shares issued and outstanding following the closing of the Offering and trades on the Toronto Stock Exchange under the...