Richmont Mines Signs Can$10.15 Million Bought Deal Financing

Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) has entered into a CAN$10.15 million bought-deal financing agreement with Macquarie Capital Markets Canada Ltd. as lead underwriter. The syndicate of underwriters also includes BMO Capital Markets, CIBC World Markets and Desjardins Securities. Under the agreement, Richmont Mines will issue 7.0 million common shares on a bought-deal basis, at a price of CAN$1.45 per share.

As quoted in the press release:

According to the terms of the Offering, the Corporation’s common shares will be issued under a shortform prospectus to be filed in certain provinces of Canada, pursuant to the short-form prospectus system contemplated by National Instrument 44-101 – short form prospectus distributions.

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