TransactionsAvion Gold Corporation Completes $29 Million Public OfferingPublished: 06/17/2010 By Andre Boivin, John P. Vettese On May 10, 2010, Avion Gold Corporation completed its public offering including the exercise of the over-allotment option in full. The Company issued 48,070,000 common shares of the Company at a price of $0.60 per share, for aggregate gross proceeds of $28,842,000. The Common Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters co-led by Canaccord Financial Ltd. and Cormark Securities Inc. and including GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc. In consideration for their efforts, the Underwriters received a cash commission equal to $1,730,520 and 2,884,200 broker warrants that will entitle them to acquire an equal number of Common Shares at a price of $0.60 per share on or before May 10, 2011. Cassels Brock acted for Avion Gold Corporation with a team that included John Vettese (Securities and Mining), André Boivin (Securities and Mining) and Christine Gallo (Securities). |