Markland AGF Precious Metals Corp
TSX : MPM.UN
TSX : MPM.WT

Markland Street Asset Management Inc.

Markland Street Asset Management Inc.

September 11, 2007 15:06 ET

Markland AGF Precious Metals Corp. Closes Second Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - Sept. 11, 2007) - Markland Street Asset Management Inc. ("Markland") is pleased to announce that on September 7, 2007 Markland AGF Precious Metals Corp. (the "Company") (TSX:MPM.UN)(TSX:MPM.WT) completed the issuance of an additional 60,000 equity shares and 30,000 equity share purchase warrants for total gross proceeds of $600,000. Pursuant to a second exercise by the agents of their over-allotment option with respect to the Company's recently completed initial public offering. Including this over-allotment, the total gross proceeds raised by the Company are $25.3 million. The warrants are exercisable on July 30, 2010 at an exercise price of $10.25.

The offering was made through a syndicate co-led by RBC Capital Markets and CIBC World Markets Inc., and that included BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Adams, Berkshire Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Research Capital Corporation, and Wellington West Capital Inc.

For further information, please contact your financial advisor or visit our website at www.marklandstreet.com.

Contact Information

  • Markland Street Asset Management Inc.
    Krista D. Matheson
    Senior Vice President
    1-866-412-9182
    Website: www.marklandstreet.com