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Message: New Offering - $275 Million

New Offering - $275 Million

posted on Mar 09, 2009 04:41PM

Announced after market close on TD Waterhouse...

Treasury Offering of Common Shares via Overnight Marketed Offering

Size of Issue: Approximately $275-million

Price: To be announced before market open, Tuesday, March 10.

The TDW site currently shows the status as "open".

From the prospectus (posted on TDW):

"The Corporation intends to use approximately C$ __ million of the net proceeds from the Offering to fund the construction and development of the Essakane Project (replacing all or substantially all of the previously proposed Essakane project debt facility and related gold hedging requirements); and the balance to fund capital expenditures at the Corporation’s other properties and for general corporate purposes including future acquisition opportunities."

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