Colossus Minerals Announces C$25 Million Bought Deal Financing

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced a bought deal with aggregate gross proceeds of C$25,000,000 – comprised of 15,625,000 common shares of the Company at a price of C$1.60 per Common Share – with GMP Securities L.P. on its own behalf and on behalf of Dundee Securities Ltd. (together with GMP) and a syndicate of underwriters (together with the Co-Lead Underwriters).

As quoted in the press release:

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 2,343,750 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional C$3,750,000 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$28,750,000.

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