THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA AND AUSTRALIA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
PMI Gold Corporation (TSXV:PMV, ASX:PVM, Frankfurt:PN3N.F)
(the "Company") is pleased to announce that it
has completed its previously announced public offering
("Offering") of common shares ("Common
Shares"). In addition, concurrently with completion,
the underwriters exercised in full the over-allotment
option to purchase more Common Shares that was previously
granted to them. As a result, the total number of new
Common Shares issued was 136,907,500, resulting in total
gross proceeds to the Company of C$115,002,300.
The Offering was led by Clarus Securities Inc. and RBC
Capital Markets as joint bookrunners and co-lead
underwriters, and included Canaccord Genuity Corp., Euroz
Securities Limited, GMP Securities L.P. and Raymond James
Ltd.
The Company plans to use the net proceeds of the Offering
to fund the development of the Company's Obotan Gold
Project in accordance with its feasibility study, for Ghana
exploration activities and for general and administrative
expenses.
The securities referred to in this news release have not,
nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered
or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registration or an
applicable exemption from the U.S. registration
requirements. This release does not constitute an offer for
sale of securities nor a solicitation for offers to buy any
securities.
Collin Ellison
On behalf of the Board,
Managing Director & CEO
For further information:
Investor Relations Canada:
Rebecca Greco, Fig House Communications
P. +1 (416) 822-6483
E. fighouse@yahoo.com
Investor Relations Australia:
Nicholas Read/Paul Armstrong, Read Corporate
P. +61 8 9388 1474
M. +61 419 929 046
PMI Gold Corporation Contact Canada:
Marion McGrath, Corporate Secretary
P. +1 (604) 684-6264
Toll-Free: 1 (888) 682-8089
PMI Gold Corporation Contact Australia:
Collin Ellison, Managing Director & CEO
P. +61 8 6188 7900
or visit the PMI Gold Corporation website at www.pmigoldcorp.com
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