Premier Announces Cdn$32.0 Million Equity Financing
The common shares to be issued under the Offering will be offered by way of a short form prospectus to be filed in Alberta, British Columbia and Ontario.
The net proceeds from the Offering are expected to be used to fund ongoing exploration and development activities at the Company’s Red Lake gold projects and working capital requirements as required.
The Offering is expected to close on or about February 2, 2010 and is subject to normal regulatory approvals, including the approval of the Toronto Stock Exchange.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operating in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and recently acquired mineral properties in the Geraldton area from Barrick Gold.
For further information, please contact:
Ewan Downie, President and CEO
Web Site: www.premiergoldmines.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections.