Minefinders Corporation Ltd.

Minefinders Corporation Ltd.

December 20, 2010 08:37 ET

Minefinders Closes C$151.5 Million Bought Deal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - Minefinders Corporation Ltd. (TSX:MFL)(NYSE Amex:MFN) ("Minefinders" or the "Company") today reported that the Company has closed its previously announced C$151,515,000 bought deal offering (the "Offering") in which a syndicate of underwriters purchased 13,650,000 common shares (the "Common Shares") from Minefinders for sale to the public at a price of C$11.10 per Common Share. The Company has granted the underwriters an option, for a period of 30 days following the closing of the Offering, to purchase up to an additional 2,047,500 Common Shares to cover over-allotments, if any. The lead underwriters for the Offering were Scotia Capital Inc. and BMO Capital Markets.

A final prospectus supplement to the previously filed final base shelf prospectus setting out the details of the Offering has been filed with the United States Securities and Exchange Commission and certain securities commissions in Canada and is available on www.sedar.com and www.sec.gov. A copy of the prospectus supplement and accompanying base shelf prospectus may be obtained upon request by contacting Scotia Capital Inc. in Canada, Attention: Equity Capital Markets (tel: 416-862-5837), Scotia Plaza, 66th Floor, 40 King Street West, M5W 2X6, Toronto, Ontario; or in the U.S., Attention: Equity Capital Markets (tel: 212-225-6853), 1 Liberty Plaza, 25th Floor, 165 Broadway, New York, NY, 10006.

About Minefinders

Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico.

The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

Contact Information

  • Minefinders Corporation Ltd.
    Jonathan Hackshaw
    Director of Corporate Communications
    Toll Free: (866) 687-6263
    Minefinders Corporation Ltd.
    Mike Wills
    Investors Relations Representative
    Toll Free: (866) 687-6263