Premier Gold to list five million more shares Oct. 31

2011-10-27 20:31 ET - Prospectus Approved

Premier Gold Mines Ltd. will list an additional five million shares on the Toronto Stock Exchange at the open on Monday, Oct. 31, 2011, according to the TSX. As in an Oct. 25, 2011, short form prospectus, the company plans to sell two million shares at $5.50 each and three million flow-through shares at $6.50 each, raising $30.5-million. It has granted the underwriters an overallotment option to buy up to 300,000 shares and 450,000 flow-through shares at the same prices for 30 days from the closing of the offering. The company plans to use the money raised for exploration and development of its projects and for general corporate purposes.