Teranga Gold Completes $67.4 Million Equity Offering

Teranga Gold (TSX:TGZ) has announced that it has completed the offering of 32.5 million common shares on a bought deal basis at a price of $1.05 each for gross proceeds of approximately $34.1 million.
As quoted in the press release:

As previously announced, an additional 29,500,000 Common Shares were also issued on a non-brokered private placement basis at the same price of $1.05 per Common Share to Tablo Corporation for gross proceeds of approximately $31 million (the “Concurrent Private Placement“). Following completion of the Concurrent Private Placement, Tablo Corporation, controlled by David Mimran, holds a total of 97,981,960 Common Shares, or 18.26%, of the issued and outstanding Common Shares (calculated on a non-diluted basis and not including the exercise of the balance of the over-allotment option).
The securities offered have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

Click here to read the full press release.