Uncanny how all three companies raised ~ the same amount of dough in bought deals and now are all trading at bought deal levels.
SGR Bought Deal
San Gold completes $84.53-million bought-deal offering
2010-08-04 07:21 PT - News Release
Mr. Dale Ginn reports
SAN GOLD CORPORATION ANNOUNCES CLOSING OF $80M SHORT FORM PROSPECTUS OFFERING
San Gold Corp. has closed its short-form prospectus offering, previously announced in Stockwatch on July 13, 2010, and July 14, 2010, of 20 million common shares at a price of $4 per common share, for total gross proceeds of $80-million.
Trading today ~3.95
RMX Bought Deal
Rubicon Minerals closes $86.33-million financing
2009-11-12 09:56 PT - News Release
Mr. David Adamson reports
RUBICON MINERALS ANNOUNCES CLOSING OF CDN $86 MILLION BOUGHT DEAL FINANCING
Rubicon Minerals Corp. has closed its bought-deal equity financing of 18,975,000 common shares (which includes the exercise in full of the overallotment option of 2,475,000 common shares) at a price of $4.55 per share for total gross proceeds to the company of $86,336,250.
Trading today ~ 4.50
LSG Bought Deal
Lake Shore Gold arranges $75.25-million financing
2010-08-18 14:01 PT - News Release
Mr. Tony Makuch reports
LAKE SHORE GOLD ANNOUNCES BOUGHT DEAL FINANCING
Lake Shore Gold Corp. has entered an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis, by way of a short form prospectus, 21.5 million non-flow-through common shares and flow-through common shares of Lake Shore. The offering will consist of 21.5 million non-flow-through common shares at a price of $3.50 per common share. The underwriters will have the option to require that up to 2.4 million common shares be issued as flow-through common shares at a price of $4.20 per flow-through common share. The allocation between non-flow-through common shares and flow-through common shares above the minimum number of common shares will be determined by BMO on behalf of the underwriters. To the extent the underwriters purchase 21.5 million non-flow-through common shares, the gross proceeds to Lake Shore will be $75.25-million. To the extent the underwriters purchase 19.1 million non-flow-through common shares and Lake Shore issues 2.4 million flow-through common shares, the gross proceeds to Lake Shore will be $76.93-million.
Trading today ~3.60
