PC Gold Inc.

PC Gold Inc.

November 12, 2010 08:13 ET

PC Gold Increases Size of Bought-Deal Offering

OTTAWA, ONTARIO--(Marketwire - Nov. 12, 2010) -


PC Gold Inc. (TSX:PKL) (the "Company") is pleased to announce that, further to its press release of November 11, 2010 in respect of the offering (the "Offering") by the Company of flow-through shares (the "Flow-Through Shares"), the Company has reached an agreement with the underwriters (the "Underwriters"), whereby the Underwriters have agreed to increase the size of the Offering to $8,700,480. The Underwriters have agreed to amend the Offering to purchase an additional 4,111,200 Flow-Through Shares on the same terms and conditions, for an aggregate purchase price of $3,700,080.

The Underwriters will retain the option, but not the obligation, exercisable at any time prior to the closing of the Offering, to increase the size of the Offering by purchasing up to an additional 15% in Flow-Through Shares (the "Underwriters' Option"). If the Underwriters' Option is exercised in full, the gross proceeds to the Company from the Offering will be approximately 10,006,200.

In all other respects, the terms of the Offering remain as announced on November 11, 2010.

The Offering is being led by Mackie Research Capital Corporation and includes Canaccord Genuity Corp. and Stonecap Securities Inc.

The Offering is scheduled to close on or about the week of November 29, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange.

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.

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