Silver Investing News » Fortuna reports $30 Million Bought Deal Financing

Fortuna reports $30 Million Bought Deal Financing

February 5, 2010 @ 2:37 pm In Silver Company News

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 ^[1]

Click here to access Fortuna Silver Mines Corporate Site ^[2]

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URL to article: http://silverinvestingnews.com/2166/fortuna-reports-30-million-bought-deal-financing.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release-canada/Fortuna-Announces-30-Million-Bought-Deal-Financing-TSX-FVI-1111957.htm

[2] Click here to access Fortuna Silver Mines Corporate Site: http://www.fortunasilver.com/s/home.asp