Toronto-based Sherritt Gordon (TSE) recently completed a previously announced public issue of 5.2 million common shares at $7.35 per share. The company says four million shares were sold on a “bought deal” basis to a syndicate consisting of Sprott Securities Ltd., Gordon Capital Corp., Midland Walwyn Capital Inc. and Trilon Securities Corp. Net proceeds to Sherritt after the underwriters’ fee were $7 per share.
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