Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy Announces Closing of $42.5 Million Bought Deal Financing -





Prodigy Announces Closing of $42.5 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia CANADA, March 05, 2012 /FSC/ -

Prodigy Gold Inc.
(PDG - TSX Venture)("Prodigy" or the "Company") has completed
its previously announced bought deal financing (the
"Offering"). Pursuant to the Offering, the Company has issued
37,500,000 Common Shares at a price of $0.80 per Common Share
and 13,158,000 flow-through Common Shares (the "Flow-Through
Shares") at a price of $0.95 per Flow-Through Share, for
aggregate gross proceeds of $42,500,100.

The syndicate of underwriters was led by Casimir Capital Ltd.
and Paradigm Capital Inc., and included National Bank Financial
Inc., Byron Capital Markets Ltd. and PI Financial Corp.

The Flow-Through Share proceeds will be used to incur eligible
Canadian exploration expenditures that will be renounced to
subscribers effective on or before December 31, 2012.

This news release does not constitute an offer to sell, or the
solicitation of an offer to buy, ----or for the account or
benefit of, a U.S. person, absent U.S. registration or an
applicable exemption therefrom.

On behalf of the Board of Directors

Brian J. Maher
President and Chief Executive Officer


FOR FURTHER INFORMATION, PLEASE CONTACT:

Prodigy Gold Incorporated
Email: [e-mail]

Website: http://www.prodigygold.com

tel.: [phone] Fax: [phone]

Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined ----statements whether as a
result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

To view this release as a web page, please click on the
following link:
http://www.usetdas.com/pr/prodigy03052012.htm

Source: Prodigy Gold Inc. (TSX-V: PDG)
http://www.www.prodigygold.com
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http://tmx.quotemedia.com/article.php?newsid=48215912&qm_symbol=PDG

Magino Gold Mines Property -

http://prodigygold.com/projects/gold_division/magino/

http://prodigygold.com/

To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/prodigyprfeb152012.htm

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71346228

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72124412




God Bless