TransactionsGuyana Goldfields Closes $73 Million OfferingPublished: 01/25/2010 By Jennifer Campbell, Jay Goldman, Michael Noonan On January 25, 2010, Guyana Goldfields Inc., a gold exploration and development company, closed a short form prospectus offering of 10 million common shares at a price of $6.95 per share. On February 23, 2010, Guyana Goldfields issued an additional 450,000 common shares at $6.95 per share to close an exercise of the over-allotment option granted to the underwriters. The aggregate gross proceeds of the offering was $72,627,500. Dahlman Rose & Company, LLC and Scotia Capital Inc. acted as co-lead underwriters and book-running managers for the offering along with a syndicate of co-managers including BMO Nesbitt Burns Inc., Cormark Securities Inc., TD Securities Inc., Thomas Weisel Partners Canada Inc., and Paradigm Capital Inc. Cassels Brock acted for Guyana Goldfields Inc. with a team that included Jay Goldman (Securities and Mining), Jennifer Campbell (Securities and Mining) and Michael Noonan (Securities). |