Proceeds slated for exploration, development, general working capital
By Devika Patel
Knoxville, Tenn., June 20 - Extorre Gold Mines Ltd. said it plans to sell C$25.2 million of stock in a private placement via a syndicate of underwriters led by TD Securities Inc.
The company will sell 2.4 million common shares at C$10.50 per share on a bought-deal basis. The price per share represents a 6.42% discount to the June 17 closing share price of C$11.22.
Settlement is expected July 12.
Proceeds will be used for exploration and development and general working capital purposes.
Based in Vancouver, B.C., Extorre is a gold exploration company.
| Issuer: | Extorre Gold Mines Ltd.
|
| Issue: | Common stock
|
| Amount: | C$25.2 million
|
| Shares: | 2.4 million
|
| Price: | C$10.50
|
| Warrants: | No
|
| Agent: | TD Securities Inc. (lead)
|
| Pricing date: | June 20
|
| Settlement date: | July 12
|
| Stock symbol: | Toronto: XG
|
| Stock price: | C$11.20 at close June 20
|
| Market capitalization: | C$988.04 million
|
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