Replies to post #104 on i-80 Gold Corp. (IAU)

[TRAPPER JIM]

Very nice news.

[NYBob]

Premier Gold Announces completion of $57.5 Million Bought Deal
Public Offering of Common Shares -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Shares Issued: 137,431,855
THUNDER BAY, ON, Feb. 27, 2012 /CNW/ -

Premier Gold Mines Limited -
(TSX:PG) ("Premier" or the "Company") is pleased to announce
that it has completed a previously announced bought deal public
offering of 10,000,000 common shares (the "Common Shares") at a
price of $5.75 per Common Share for net proceeds of
approximately $54.5 million (the "Offering") through a
syndicate of underwriters led by RBC Capital Markets and
including Canaccord Genuity Corp., Scotia Capital Inc., CIBC
World Markets Inc., Goldman Sachs Canada Inc.,
Stonecap Securities Inc., Octagon Capital Corporation and
Versant Partners Inc. The Offering included the issue of
1,000,000 Common Shares at the offering price upon the exercise
of the over-allotment option granted by the Company to the
Underwriters under the Offering.
Pursuant to the over-allotment option, the Underwriters have
the right to purchase up to an additional 350,000 Common Shares
at the Common Share offering price, exercisable in whole or in
part, at any time prior to March 28, 2012.

The net proceeds from the Common Shares sold under the Offering
will be used to fund Premier's exploration and development
activities, for repayment of a portion of Premier's long-term
debt and for general corporate purposes.

"With the completion of this financing, the Corporation now has
approximately $90 million in working capital" stated Ewan
Downie, President and Chief Executive officer of Premier.
"These funds are expected to meet all near and mid-term
exploration and development plans as well as facilitating plans
for continued corporate growth."



About Premier

Premier Gold Mines Limited is one of North America's leading
exploration companies with a high-quality pipeline of projects
focused in proven, safe and accessible mining jurisdictions in
Canada and the United States. The Company's portfolio includes
significant assets in world class gold mining districts such as
Red Lake, Musselwhite and Geraldton in Ontario and the Carlin
Trend in Nevada.

Ewan Downie, President & CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
Web Site:
http://www.premiergoldmines.com


Premier Gold Mines Ltd. (TSE:PG)

http://www.premiergoldmines.com/s/Home.asp

http://www.premiergoldmines.com/i/pdf/Nov-2011.pdf

http://www.premiergoldmines.com/i/pdf/PG-MainPPT-Nov2011.pdf

http://www.premiergoldmines.com/s/RedLake.asp

http://www.premiergoldmines.com/s/Rahill-Bonanza.asp

http://www.premiergoldmines.com/s/EastBay.asp

http://www.premiergoldmines.com/s/Hardrock.asp

http://www.premiergoldmines.com/s/KeyLake.asp

http://www.premiergoldmines.com/s/Brookbank.asp

http://www.premiergoldmines.com/s/NorthernEmpire.asp

http://www.premiergoldmines.com/s/Leitch-Sandriver.asp

http://www.premiergoldmines.com/s/Nortoba-Tyson.asp

http://www.premiergoldmines.com/s/PQNorth.asp

http://www.premiergoldmines.com/s/Saddle.asp

http://www.premiergoldmines.com/s/GoldenEdge.asp

http://www.premiergoldmines.com/s/SantaTeresa.asp

http://www.premiergoldmines.com/s/Royalties.asp

http://www.premiergoldmines.com/i/pdf/Royalties.pdf

http://www.premiergoldmines.com/s/Home.asp

http://www.premiergoldmines.com/s/NewsReleases.asp

http://www.premiergoldmines.com/s/Presentations.asp

http://www.premiergoldmines.com/i/pdf/PG-Dec-2011.pdf

http://www.premiergoldmines.com/s/RelatedSites.asp

http://www.premiergoldmines.com/s/Events.asp

http://tmx.quotemedia.com/quote.php?qm_symbol=pg&locale=EN

http://tmx.quotemedia.com/quote.php?qm_symbol=PIRGF:US

http://www.premiergoldmines.com/s/QwikReport.asp

http://investorshub.advfn.com/boards/board.aspx?board_id=10569

God Bless