Cline Announces $25 Million Private Placement Financing
Cline Mining Corporation (TSX: CMK.TO) ("Cline" or "the Company") is pleased to announce that it has entered into an engagement letter with a syndicate of underwriters co-led by Macquarie Capital Markets Canada Ltd. and PowerOne Capital Markets Limited and including Jennings Capital Inc., Cormark Securities Inc. and Salman Partners Inc. (collectively the "Underwriters"). Pursuant to the terms of the engagement letter, the Underwriters have agreed to purchase, on a bought-deal private placement basis, 17,000,000 common shares of the Company (the "Common Shares") at a price of $1.48 (the "Issue Price") per Common Share for aggregate gross proceeds to the Company of $25,160,000 (the "Offering").
- Published: 30 March 2010
- Written by Editor