Fortuna reports $30 Million Bought Deal Financing

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Fri, Feb 5, 2010
Silver Company News
Post by Melissa Pistilli, Silver Reporter

Fortuna Silver Mines Inc. (TSX:FVI)(BVLAC:FVI) reports that the company has entered into a bought deal financing with a syndicate of underwriters co-led by CIBC and Canaccord Financial Ltd.

The press release is quoted as saying:

The Company intends to issue 13,050,000 common shares at a price of $2.30 per common share (“Offering Price”) for gross proceeds to Fortuna of approximately $30 million (the “Offering”). The Offering is expected to close on or about March 2, 1010 and is subject to regulatory approval.

Click here to access the entire press release

Click here to access Fortuna Silver Mines Corporate Site

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