Colossus to Raise up to $66 Million

- September 30th, 2009

Colossus Minerals (TSX:CSI) announced today a financing of up to $66 million Canadian for the Serra Pelada gold-pge project in Brazil.  The deal is being led by Macquarie Capital Markets Canada and also includes Weisel Partners Canada Inc, Canaccord Capital Corp, and GMP Securities L.P. The bought deal is for 10 million shares at $5.75 … Continued

Colossus Minerals (TSX:CSI) announced today a financing of up to $66 million Canadian for the Serra Pelada gold-pge project in Brazil.  The deal is being led by Macquarie Capital Markets Canada and also includes Weisel Partners Canada Inc, Canaccord Capital Corp, and GMP Securities L.P.

The bought deal is for 10 million shares at $5.75 per share with an option to overallot up to 1.5 million additional shares.  No mention is made of warrants.

Click here for the full press release.

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