Post by Franko10 ™ on Dec 6, 2007 13:58:44 GMT -5
News release via CNW Telbec, Montreal 514-878-2520
Attention Business/Financial Editors:
Claude Resources Inc. completes $20,000,000 bought deal
Toronto Stock Exchange
Trading symbol - CRJ
AMEX - CGR
SASKATOON, April 24 /CNW Telbec/ - Claude Resources Inc. ("Claude" or the "Company") (TSX: CRJ, AMEX: CGR) is pleased to announce today that it has completed the offering, on a bought deal basis, to a syndicate of underwriters co-led by National Bank Financial Inc. and RBC Dominion Securities Inc. (the "Underwriters") previously announced on March 29, 2007. The offering consisted of a total of 12,500,000 common shares at a price of Cdn $1.60 per share, for gross proceeds of Cdn $20,000,000. In addition, the Underwriters have exercised the over-allotment option to purchase an additional 1,875,000 common shares at a price of Cdn $1.60 per share for additional gross proceeds of Cdn $3,000,000, resulting in the aggregate issuance under the offering of 14,375,000 common shares of the Company for aggregate gross proceeds of Cdn $23,000,000. The Company proposes to use the net proceeds from this offering primarily to advance exploration programs at its Madsen and Seabee area properties and for general corporate purposes.
Claude's focus is gold exploration and mining. In addition to the Seabee goldmine and surrounding exploration properties, the Company owns the Madsen exploration project in Red Lake, Ontario, Canada. This project includes a 10,000 acre property with a mill, shaft and permitted tailings facilities. The Company also owns oil and natural gas assets located in Alberta and Saskatchewan.
The Company has 92.1 million common shares outstanding (96.6 million fully diluted) and is listed on the Toronto and American Stock Exchanges (TSX - CRJ; AMEX - CGR).
The securities offered were not registered under the United States
Securities Act of 1933, as amended, and were not offered or sold in the United States absent an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
SEDAR: 00000498E
For further information: Neil McMillan, President and Chief Executive Officer, (306) 668-7505; Rick Johnson, Chief Financial Officer, (306) 668-7505; Renmark Financial Communications Inc.: Neil Murray-Lyon: nmurraylyon(at)renmarkfinancial.com; Edith English: eenglish(at)renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717;
www.renmarkfinancial.com/
(CRJ. CGR)
CO: CLAUDE RESOURCES INC.
CNW 14:10e 24-APR-07
Attention Business/Financial Editors:
Claude Resources Inc. completes $20,000,000 bought deal
Toronto Stock Exchange
Trading symbol - CRJ
AMEX - CGR
SASKATOON, April 24 /CNW Telbec/ - Claude Resources Inc. ("Claude" or the "Company") (TSX: CRJ, AMEX: CGR) is pleased to announce today that it has completed the offering, on a bought deal basis, to a syndicate of underwriters co-led by National Bank Financial Inc. and RBC Dominion Securities Inc. (the "Underwriters") previously announced on March 29, 2007. The offering consisted of a total of 12,500,000 common shares at a price of Cdn $1.60 per share, for gross proceeds of Cdn $20,000,000. In addition, the Underwriters have exercised the over-allotment option to purchase an additional 1,875,000 common shares at a price of Cdn $1.60 per share for additional gross proceeds of Cdn $3,000,000, resulting in the aggregate issuance under the offering of 14,375,000 common shares of the Company for aggregate gross proceeds of Cdn $23,000,000. The Company proposes to use the net proceeds from this offering primarily to advance exploration programs at its Madsen and Seabee area properties and for general corporate purposes.
Claude's focus is gold exploration and mining. In addition to the Seabee goldmine and surrounding exploration properties, the Company owns the Madsen exploration project in Red Lake, Ontario, Canada. This project includes a 10,000 acre property with a mill, shaft and permitted tailings facilities. The Company also owns oil and natural gas assets located in Alberta and Saskatchewan.
The Company has 92.1 million common shares outstanding (96.6 million fully diluted) and is listed on the Toronto and American Stock Exchanges (TSX - CRJ; AMEX - CGR).
The securities offered were not registered under the United States
Securities Act of 1933, as amended, and were not offered or sold in the United States absent an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
SEDAR: 00000498E
For further information: Neil McMillan, President and Chief Executive Officer, (306) 668-7505; Rick Johnson, Chief Financial Officer, (306) 668-7505; Renmark Financial Communications Inc.: Neil Murray-Lyon: nmurraylyon(at)renmarkfinancial.com; Edith English: eenglish(at)renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717;
www.renmarkfinancial.com/
(CRJ. CGR)
CO: CLAUDE RESOURCES INC.
CNW 14:10e 24-APR-07