Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy Announces Notice of Exercise of Over-Allotment Option by Underwriters -





Prodigy Announces Notice of Exercise of Over-Allotment Option by Underwriters -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Vancouver, British Columbia CANADA, March 13, 2012 /FSC/ -

Prodigy Gold Inc.
(PDG - TSX Venture, KX3 - FWB), ("Prodigy" or the "Company")
announced that, further to its news release dated March 5,
2012, the syndicate of underwriters led by Casimir Capital Ltd.
and Paradigm Capital Inc., and including National Bank
Financial Inc., Byron Capital Markets Ltd. and PI Financial
Corp. (the "Underwriters") has given notice of exercise of the
over-allotment option (the "Option") in part, to purchase an
additional 1,250,000 common shares of the Company ("Common
Shares") at a price of $0.80 per share for gross proceeds of
$1,000,000.
The Option was granted to the Underwriters in order to cover over-allotments and for market stabilization purposes in connection with Prodigy's public offering of 37,500,000 Common Shares and 13,158,000 flow-through Common Shares completed on March 5, 2012. The issuance of Common Shares pursuant to the exercise of the Option is expected to occur on March 16, 2012.

This news release does not constitute an offer to sell, or the solicitation of an offer to buy, Common Shares in any jurisdiction, including the United States, or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption therefrom, nor shall there be any sale of Common Shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The Common Shares being issued will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, 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: www.prodigygold.com
tel.: [phone] Fax: [phone]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements regarding the business and operations of Prodigy. Statements regarding the closing of the exercise of the Option are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Prodigy's plans or expectations include risks relating to legislative and regulatory matters, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Prodigy with securities regulators. Prodigy expressly disclaims any intention or obligation to update or revise any forward-looking 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/prodigygold03132012.htm

Source: Prodigy Gold Inc. (TSX-V: PDG)
http://www.www.prodigygold.com
Maximum News Dissemination by FSCwire.
http://www.fscwire.com

To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/prodigymar132012.htm



Source: Prodigy Gold Inc. (TSX-V: PDG) http://www.www.prodigygold.com

http://www.prodigygold.com/_resources/presentations/prodigy_presentation_20120203.pdf

http://www.prodigygold.com/_resources/factsheets/FactSheetjan2012.pdf

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73320122

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73054911


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