Colossus Closes $24.7 Million Financing

- March 10th, 2009

Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment.  The deal brought in money at $2.15 per unit, a significant premium over yesterday’s closing price of $1.77.  Proceeds of the financing will mainly be used to … Continued

Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment.  The deal brought in money at $2.15 per unit, a significant premium over yesterday’s closing price of $1.77.  Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.

For the full release, click this link.

Tags

Tags: ,

Leave a Reply