Bema Gold To Sell 20M Common Shrs At C$3 Each Tuesday August 19, 3:08 pm ET
VANCOUVER (Dow Jones)--Bema Gold Corp. will sell 20 million common shares at C$3 each.
In a news release, the mining company said the underwriters of the C$60 million bought-deal financing agreement have the option to purchase up to an additional 3 million shares at the same price until 48 hours from closing.
Bema will use the funds to further advance the Kupol property in Russia and for general corporate purposes.
According to the TSX Web site, Bema had about 320.6 million shares outstanding at Monday's close.
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