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MONTREAL, QUEBEC--(Marketwired - April 4, 2016) - SEMAFO Inc. (TSX:SMF)(OMX:SMF) (the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Clarus Securities Inc., under which the underwriters have agreed to buy on bought deal basis 17,250,000 common shares (the "Common Shares"), at a price of $4.35 per Common Share for gross proceeds of approximately $75 million (the "Offering"). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about April 22, 2016 and is subject to SEMAFO receiving all necessary regulatory approvals. |
