(Source: MARKETWIRE)
Minefinders Corporation Ltd. ("Minefinders" or the "Company") (TSX:
MFL)(NYSE Amex: MFN) today reported that the Company has closed its
previously announced C$66,030,000 bought deal offering (the
"Offering") in which a syndicate of underwriters purchased 6,200,000
common shares (the "Common Shares") from Minefinders for sale to the
public at a price of C$10.65 per Common Share. The Company has
granted the underwriters an option, for a period of 30 days following
the closing of the Offering, to purchase up to an additional 900,000
Common Shares of the Offering to cover over-allotments.
The lead underwriters for the offering were BMO Capital Markets and
Scotia Capital Inc. with an underwriting syndicate that also included
Salman Partners Inc.
The gross proceeds of the offering were $66,030,000. The Company
intends to use the net proceeds of the offering for debt repayment,
continued development of the La Bolsa property, future expansion and
mill construction at the Dolores Mine and general corporate purposes.
A final prospectus supplement to the previously filed final base
shelf prospectus setting out the details of the offering has been
filed with the United States Securities and Exchange Commission and
certain securities commissions in Canada and is available on
www.sedar.com and www.sec.gov. A copy of the final prospectus
supplement may be obtained upon request by contacting Investor
Relations at BMO Capital Markets, Distribution Department, 1 First
Canadian Place, B2 Level, Toronto, Ontario, M5X 1H3 (tel:
416-363-6996 x224), or in the United States from BMO Capital Markets
Corp., Attention: Lori Begley, 3 Times Square, 27th Floor, New York,
New York, 10036 (tel: 212-885-4039).
About Minefinders
Minefinders is a precious metals mining and exploration company and
operates the multi-million ounce Dolores gold and silver mine in
Mexico. The Company continues its exploration efforts on other
prospective projects in Mexico to build a quality pipeline of
precious metals projects for future growth.
Contacts:
Minefinders Corporation Ltd.
Mike Wills
Investor Contact
(604) 687-6263
(604) 687-6267 (FAX)
mike@minefinders.com
www.minefinders.com
SOURCE: Minefinders Corporation Ltd.
A service of YellowBrix, Inc.
