Richmont Mines Closes Bought Deal Financing

Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) has closed its bought deal financing previously announced on April 3, 2014. Proceeds from the offering of common shares will be used for general corporate purposes and for working capital.

As quoted in the press release:

The Corporation issued a total of 8.05 million common shares at a price of CAN$1.45 per share, including the entire over-allotment option of 1.05 million common shares, on a bought-deal basis, for aggregate gross proceeds of $11,672,500, through a syndicate of underwriters lead by Macquarie Capital Markets Canada Ltd. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Desjardins Securities Inc (the “Offering”).

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