Richmont Mines Financing Now CAN$34 Million

Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) has increased its previously announced bought deal offering to CAN$34 million.

As quoted in the press release:

Pursuant to a revised letter agreement, the syndicate of underwriters, led by Macquarie Capital Markets Canada Ltd. and including CIBC World Markets Inc., National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., and PI Financial Corp., has agreed to purchase on a bought deal basis 8.5 million common shares of the Corporation at a price of CAN$4.00 per share (the “Offering Price”) for gross proceeds of CAN$34 million (the “Offering”).

Click here to read the Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) press release
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