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Premier Gold Mines Ltd
Symbol PG
Shares Issued 211,960,482
Close 2020-02-12 C$ 1.52
Recent Sedar Documents

Premier Gold increases overnight offering to $38M

2020-02-12 11:46 ET - News Release

Mr. Ewan Downie reports

PREMIER GOLD MINES ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED OVERNIGHT MARKETED FINANCING AND FINAL SIZING OF $38 MILLION

Due to strong demand, the size of Premier Gold Mines Ltd.'s previously announced offering has been increased to 25,335,000 common shares at a price of $1.50 per offered share for gross proceeds of $38,002,500. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to 3,800,250 additional offered shares to cover overallotments, if any. The offering will be conducted through a syndicate of underwriters, led by CIBC Capital Markets and Sprott Capital Partners LP, including: BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., RBC Capital Markets, Cormark Securities Inc. and TD Securities Inc.

The net proceeds of the offering are expected to be used by the company for: (i) the development, expansion and working capital requirements of the Mercedes and South Arturo mines and the McCoy-Cove project; and (ii) general corporate and working capital purposes. The proceeds may also be used to reduce indebtedness under Premier's revolving term credit facility.

The offering is expected to close on or about Feb. 28, 2020, and is subject to Premier receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the offering is conditional upon the concurrent closing of the proposed transaction with Orion, as described in the company's press release issued on Feb. 11, 2020, and as described in the preliminary prospectus.

The offered shares will be offered by way of a short form prospectus in all of the provinces of Canada, except Quebec, and may also be offered by way of private placement in the United States.

About Premier Gold Mines Ltd.

Premier Gold Mines is a gold producer and respected exploration and development company with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States and Mexico.

We seek Safe Harbor.

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