Baja Announces Bought Deal Financing

Company News

Baja Mining Corp.(TSE:BAJ)(OTCQX:BAJFF)(PINK SHEETS:BAJFF) announced it has executed an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets and Canaccord Genuity Corp. and Rodman and Renshaw LLC, participating with respect to sales in the United States on an exempt basis, under which the Underwriters have agreed to purchase, on a bought deal basis, 21,875,000 common shares of Baja at a price of $0.80 per Share for gross proceeds of $17,500,000.

Baja Mining Corp.(TSX:BAJ)(OTCQX:BAJFF)(PINK SHEETS:BAJFF) announced it has executed an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets and Canaccord Genuity Corp. and Rodman and Renshaw LLC, participating with respect to sales in the United States on an exempt basis, under which the Underwriters have agreed to purchase, on a bought deal basis, 21,875,000 common shares of Baja at a price of $0.80 per Share for gross proceeds of $17,500,000.

The press release is quoted as saying:

The Shares will be offered in the provinces of British Columbia, Alberta and Ontario by way of a supplement to Baja’s base shelf prospectus dated April 19, 2010, and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The Shares may also be sold on a private placement basis to purchasers in other jurisdictions agreed by Baja and the Underwriters.

Click here to access the entire press release

Click here to access Baja Mining Corp. Corporate Site

canaccord genuity cibc world markets cormark securities ontario private placement tsx:baj Company News