PC Gold Inc.
TSX : PKL

PC Gold Inc.

December 07, 2010 09:24 ET

PC Gold Closes $10 Million Bought-Deal Offering

OTTAWA, ONTARIO--(Marketwire - Dec. 7, 2010) -

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

PC Gold Inc. (TSX:PKL) (the "Company") is pleased to announce that it has closed its previously announced bought-deal offering. The Company sold 11,117,280 flow-through common shares (the "Flow-Through Shares") at a price of $0.90 per Flow-Through Share for gross proceeds of $10,005,552 (the "Offering"), which included 1,450,080 Flow-Through Shares sold pursuant to the full exercise of the underwriters' option.

The Offering was underwritten by a syndicate of underwriters led by Mackie Research Capital Corporation and including Canaccord Genuity Corp. and Stonecap Securities Inc.

The proceeds received by the Company from the sale of the Flow-Through Shares will be used by the Company to incur "qualifying expenditures" with respect to the ongoing exploration of its mineral properties.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an 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 jurisdiction in which such offer, solicitation or sale would be unlawful.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information