London, ON. -
Abitibi Metals Corp. is pleased to announce that it has closed its previously announced bought deal public offering , led by BMO Capital Markets, as sole bookrunner and lead underwriter, together with Haywood Securities Inc., as co-lead manager, ATB Securities Inc., Desjardins Securities Inc., Paradigm Capital Inc. and Stifel Nicolaus Canada Inc. . In connection with the Offering, the Company issued an aggregate of 33,327,000 common shares of the Company for aggregate gross proceeds of $16,104,600, including the exercise in full of the over-allotment option granted to the Underwriters. The Offering was comprised of the issuance of 13,144,500 hard-dollar Common Shares at a price of $0.35 per Offered Common Share for gross proceeds of $4,600,575, and 20,182,500 Co...