By Sheri Kasprzak
New York, Nov. 13 - Miramar Mining Corp. priced a C$15,000,027 private placement of flow-through shares.
The offering includes up to 2,040,820 shares at C$7.35 each, a 22.7% premium to the company's C$5.99 closing stock price from Friday.
The deal, which is being offered through an unnamed Canadian underwriter, is set to close Nov. 29.
Proceeds will be used for the company's 2007 work program at its Hope Bay project, including drilling and exploration.
Located in Vancouver, B.C., Miramar is a gold exploration company focused on the Hope Bay project in Nunavut.
| Issuer: | Miramar Mining Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$15,000,027
|
| Shares: | 2,040,820
|
| Price: | C$7.35
|
| Warrants: | No
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 29
|
| Stock symbol: | Toronto: MAE
|
| Stock price: | C$5.99 at close Nov. 10
|
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