Detour Gold Completes $277 million bought deal offering 

 

February 14, 2012

On February 14, 2012, Detour Gold completed a bought deal offering in Canada and the U.S. of 9,890,000 common shares for aggregate gross proceeds of $276,920,000. The purchased shares included 1,290,000 common shares made available for issuance pursuant to the exercise of an over-allotment option granted to the syndicate of underwriters, which was led by BMO Capital Markets and CIBC and which included TD Securities Inc., Raymond James Ltd., RBC Dominion Securities Inc., Haywood Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Credit Suisse Securities (Canada), Inc., Macquarie Capital Markets Canada Ltd., UBS Securities Canada Inc. and Paradigm Capital Inc. The offering was conducted as a prospectus offering in Canada and a private placement in the U.S.

Detour Gold is a Canadian gold exploration and development company whose focus is advancing the development of its Detour Lake gold project, located in northeastern Ontario. Detour Gold's shares trade on the Toronto Stock Exchange under the symbol "DGC".

Detour Gold was represented in-house by Julie Galloway, Vice President, General Counsel and Corporate Secretary, and by McMillan LLP with a team that included David Mendicino (corporate and Canadian securities), Herb Ono (U.S. securities), Matt German (real estate) and Ryan Morris (tax).