Lago Dourado Minerals Ltd.

Lago Dourado Minerals Ltd.

October 05, 2010 13:26 ET

Lago Dourado Minerals Ltd. Files Preliminary Prospectus for Initial Public Offering for Gross Proceeds of up to C$7 Million

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2010) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Lago Dourado Minerals Ltd. (the "Company") announces that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Québec, in connection with a proposed initial public offering (the "Offering") of its common shares (the "Common Shares") for gross proceeds of up to C$7,000,000.

The syndicate of agents for the Offering is being led by Jennings Capital Inc. and includes Raymond James Ltd.

The Company has also granted an over-allotment option to the agents to purchase up to 15% additional Common Shares sold in connection with the Offering to cover over-allotments, if any, and for market stabilization purposes.

A copy of the Company's preliminary prospectus is available on the SEDAR website at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Company and its management as well as financial statements.

About the Company

Lago Dourado Minerals Ltd. is a mineral exploration company that acquires and explores mineral properties, primarily for gold in Brazil.

Contact Information

  • Lago Dourado Minerals Ltd.
    Forbes Gemmell
    President and Chief Executive Officer
    (416) 368-5005
    fgemmell@lagodourado.net