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| Home : Colossus Minerals Inc. Announces C$33 Million Equity Financing |
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Jul 24
2013 |
Colossus Minerals Inc. Announces C$33 Million Equity Financing |
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TORONTO, ONTARIO--(Marketwired - July 24, 2013) - Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) (the "Company" or "Colossus") is pleased to announce that in connection with its previously announced overnight marketed public offering (the "Offering") of equity securities, it has today entered into an underwriting agreement between the Company and a syndicate of underwriters co-led by GMP Securities L.P. ("GMP"), and Dundee Securities Ltd. (together with GMP, the "Co-Lead Underwriters"), together with Canaccord Genuity Corp., Clarus Securities Inc., and TD Securities Inc. (together with the Co-Lead Underwriters, the "Underwriters") to sell 44,000,000 units (the "Units") of the Company at a price of $0.75 per Unit for aggregate gross proceeds of C$33,000,000. Each Unit consists of one common share ("Unit Share") and one half of a common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to purchase one common share of the Company ("Warrant Share") at a price of $0.90 per Warrant Share at any time prior to 5:00 p.m. (Toronto time) on or before the date that is 24 months from the closing date of the Offering ("Closing Date"). The Warrants will be governed by a warrant indenture that provides for, among other things, standard anti-dilution provisions and other terms and conditions customary for such agreements. |
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| Source:http://www.marketwire.com/mw/release.do?id=1814244&sourceType=3 |
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