Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

August 04, 2009 16:53 ET

Comaplex Minerals Corp. Announces Bought Deal Financing

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Comaplex Minerals Corp. (TSX:CMF) ("Comaplex") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a private placement, bought deal basis, 4,710,000 common shares (the "Common Shares") at a price of $4.25 per Common Share for gross proceeds of approximately $20 million. The Company has also granted the underwriters the option, exercisable in whole or in part at any time, on the second business day prior to closing, to acquire an additional 466,400 common shares at $4.25 to cover over-allotments. The offering is expected to close on or about August 25, 2009.

Comaplex anticipates it will use the net proceeds from the sale of Common Shares for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or 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.

Contact Information

  • Comaplex Minerals Corp.
    George F. Fink
    President
    (403) 265-2846
    or
    Comaplex Minerals Corp.
    Mark J. Balog
    Chief Operating Officer
    (403) 265-2846
    or
    Comaplex Minerals Corp.
    Kirsten Kulyk
    Manager - Investor Relations
    (403) 265-2846
    www.comaplex.com