Detour Gold completes $176 million bought deal offering

On June 11, 2013, Detour Gold completed a bought deal offering in Canada and the U.S. of 20,125,000 common shares at a price of $8.75 per common share for aggregate gross proceeds of $176,093,750. The purchased shares included 2,625,000 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 which included RBC Dominion Securities Inc., CIBC World Markets Inc., TD Securities Inc., Credit Suisse Securities (Canada), Inc., National Bank Financial Inc., Raymond James Ltd., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., Merrill Lynch Canada Inc., Scotia Capital Inc. and Haywood Securities Inc. The offering was conducted as a prospectus offering in Canada and a private placement in the U.S.

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