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Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced the closing of the previously announced offering of $28,750,000 with GMP Securities L.P. and Dundee Securities Ltd., as co-lead underwriters, on their own behalf and on behalf of a syndicate of underwriters.
As quoted in the press release:
Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) (the “Company” or “Colossus”) announced today that it has closed the previously announced offering with GMP Securities L.P. and Dundee Securities Ltd., as co-lead underwriters (the “Co-Lead Underwriters”), on their own behalf and on behalf of a syndicate of underwriters which included Canaccord Genuity Corp., Clarus Securities Inc. and TD Securities Inc. (together with the Co-Lead Underwriters, the “Underwriters”), with PowerOne Capital Markets Limited acting as a selling group member, pursuant to which a total of 17,968,750 common shares of the Company (“the “Offered Shares”), including those issued pursuant to the exercise, in full, of an over-allotment option granted to the Underwriters, were issued and sold at a price of C$1.60 per Offered Share for aggregate gross proceeds of C$28,750,000 (the “Offering”). The Underwriters were paid a cash commission by the Company equal to 5.0% of the gross proceeds of the Offering.
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