TORONTO, ONTARIO--(Marketwire - Oct. 23, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Torex Gold Resources Inc. (TSX:TXG) ("Torex" or the "Company") announced today that it has closed its previously announced bought deal offering (the "Offering") of units (the "Units") of the Company. A total of 190,000,000 Units have been issued at a price of C$2.00 per Unit, for aggregate gross proceeds of C$380 million, which includes the partial exercise by the underwriters of the over-allotment option for 15,000,000 Units. Each Unit consists of one common share of the Company and one-quarter of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share of the Company at an exercise price of C$2.65 until October 23, 2013.
The Units were sold pursuant to an underwriting agreement with a syndicate of underwriters led by BMO Capital Markets, and including Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., GMP Securities L.P., RBC Capital Markets, Scotia Capital Inc. and Stifel Nicolaus Canada Inc.
PS. Good gold jr.