11:25:17 EDT Sun 07 Aug 2022
Enter Symbol
or Name

Detour Gold Corp
Symbol DGC
Shares Issued 117,893,791
Close 2013-05-17 C$ 8.71
Recent Sedar Documents

Detour Gold arranges $153-million bought deal

2013-05-21 15:19 ET - News Release

Mr. Gerald Panneton reports


Detour Gold Corp. has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to buy 17.5 million common shares of the company at a price of $8.75 per common share, representing aggregate gross proceeds of $153,125,000. In addition, the underwriters will also have an overallotment option exercisable at any time until 30 days following the closing of the offering to increase the size of this offering by up to an additional 2,625,000 common shares for additional gross proceeds of up to $22,968,750. The company intends to use the net proceeds of the offering for working capital during the ramp-up of the Detour Lake mine and for general corporate purposes.

Closing of this offering is expected to be on or about June 11, 2013, and is subject to certain conditions, including, but not limited to, receipt of all necessary securities regulatory approvals (including the approval of the Toronto Stock Exchange).

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