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Avion Gold reports $20M Bought Deal

Fri, Nov 20, 2009

Gold Company News

Avion Gold Corporation (TSX VENTURE:AVR) today announced that the company has entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters co-led by Cormark and Canaccord Capital Corp., and including Macquarie Capital Markets Canada Ltd., and Wellington West Capital Markets Inc. pursuant to which the underwriters have agreed to purchase 50,000,000 Common Shares at a price of $0.40 per Common Share for gross proceeds of $20 million.

The press release is quoted as saying:

Avion is a Canadian-based gold company focused in West Africa. The Company holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production at these projects has commenced, with approximately 50,000 ounces of production forecast for 2009. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.

Click here to access the entire press release

Click here to access Avion Gold Corporate Site

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  • For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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