Trelawney Mining and Exploration, Inc (TRR.V) is up 10% and has touched a day high $3.48 with more than 3 million shares traded after announcing that it has closed its previously announced bought deal public offering, pursuant to which the company sold an aggregate of 5,520,000 flow-through common shares at a price of $4.70 per Flow-Through Share, for aggregate gross proceeds of $25.9 million to a syndicate of investment dealers led by RBC Capital Markets Inc. and including Jennings Capital Inc., CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO Capital Markets.
The Underwriters were paid an aggregate cash fee of $1,297,200, representing 5% of the gross proceeds of the Offering.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
