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PMI Gold Corporation Completes Equity Financing; Overallotment Option Exercised in Full
Published : November 13, 2012
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Keywords :   Australia | Canada | Capital Markets | Ghana | Gold | Lead | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2012) -


PMI Gold Corporation (News - Market indicators)(ASX:PVM)(FRANKFURT:PN3NF) (the "Company") is pleased to announce that it has completed its previously announced public offering ("Offering") of common shares ("Common Shares"). In addition, concurrently with completion, the underwriters exercised in full the over-allotment option to purchase more Common Shares that was previously granted to them. As a result, the total number of new Common Shares issued was 136,907,500, resulting in total gross proceeds to the Company of C$115,002,300.

The Offering was led by Clarus Securities Inc. and RBC Capital Markets as joint bookrunners and co-lead underwriters, and included Canaccord Genuity Corp., Euroz Securities Limited, GMP Securities L.P. and Raymond James Ltd.

The Company plans to use the net proceeds of the Offering to fund the development of the Company's Obotan Gold Project in accordance with its feasibility study, for Ghana exploration activities and for general and administrative expenses.

The securities referred to in this news release have not, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities nor a solicitation for offers to buy any securities.

Collin Ellison

On behalf of the Board,

Managing Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investor Relations Canada:
Fig House Communications
Rebecca Greco
+1 (416) 822-6483
Investor Relations Australia:
Read Corporate
Nicholas Read/Paul Armstrong
+61 8 9388 1474 or M. +61 419 929 046
PMI Gold Corporation - Canada
Marion McGrath
Corporate Secretary
+1 (604) 684-6264 or Toll-Free: 1 (888) 682-8089
PMI Gold Corporation - Australia
Collin Ellison
Managing Director & CEO
+61 8 6188 7900
Data and Statistics for these countries : Australia | Canada | Ghana | All
Gold and Silver Prices for these countries : Australia | Canada | Ghana | All

PMI Gold Corporation

ISIN : CA7301531033
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PMI Gold is an exploration gold company based in Canada.

PMI Gold holds various exploration projects in Ghana.

Its main exploration properties are GYIMIGYA & DUNKWA, KANIAGO, OBOTAN, EDUBIA, OFOASE, BANKAME and KUBI in Ghana.

PMI Gold is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 339.6 millions as of today (US$ 321.0 millions, € 236.3 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.01, and its highest recent level on February 24, 2012 at CA$ 1.46.

PMI Gold has 409 193 000 shares outstanding.

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Corporate Presentations of PMI Gold Corporation
10/4/2007Larry Myles Reports: Another Look at PMI Gold Corporation.
Annual reports of PMI Gold Corporation
2008 Annual report
Annual Report 2007
Financings of PMI Gold Corporation
11/13/2012Completes Equity Financing; Overallotment Option Exercised i...
10/10/2012Announces C$100 Million Equity Financing
3/15/2011Completes Short-Form Prospectus And Qualifies Exercise of Sp...
10/29/2010C$7.5 Million Private Placement
10/12/2010Closes Private Placement for $5 Million 2:1 Share Consolidat...
9/20/2010to Raise $5 Million to Fund 20,000 Metre Ghana Gold Drilling...
10/20/2009Private Placement for $3,645,500 Closes
9/30/2009$2.75 Million Private Placement Increased to $3.20 Million
8/25/2009$2.75 Million Private Placement, Drilling Program Expanded
6/16/2009Repricing of warrants
5/26/2009Private Placement, Drilling Program Expanded
3/3/2009announces two private placements
3/3/2009Private Placements Announced
2/19/2009US$20 Million Private Placement Announcement
2/19/2009Announces US$20 million private placement
8/11/2008Private Placement $1.0 Million/5 Million Units Announced
4/15/2008Reprices Brokered Private Placement
3/12/2008Non-Brokered Private Placement Closed Fiscal Advisory Agreem...
1/14/2008Private Placement Increased
11/27/2007Private Placement 10 Million Units - $2,800,000 Announced
Nominations of PMI Gold Corporation
9/9/2013Advises Appointment Of General Manager Corporate Developmen...
4/4/2013appoints Jim Askew as Chairman and Non-Executive Director
2/26/2013Resignation of Chairman
4/12/2011PMI Gold Corporation - Resignation of Director
9/15/2008New Board Appointments; Stock Option Announced
Project news of PMI Gold Corporation
2/6/2014Asanko Gold Inc. Completes Acquisition Of PMI Gold Corporati...
7/26/2013Targets Maiden Gold Resource for Dynamite Hill After Further...
7/19/2013(Obotan)Implements Multi-Pronged Strategy for Advancing the Obotan P...
6/6/2013Intersects High Grade Gold at Newly Discovered Dynamite Hill...
3/11/2013(Kubi)Regional Air Core Drilling Continues to Identify Anomalous G...
2/18/2013(Obotan)Obotan Project Update
11/21/2012(Obotan)Secures Grant of Mining Leases for Obotan Gold Project
11/21/2012(Obotan)Secures Grant of Mining Leases for Obotan Gold Project
11/21/2012(Obotan)Secures Grant of Mining Leases for Obotan Gold Project
9/26/2012(Obotan)to receive Mining Leases for Obotan Gold Project Another Imp...
9/26/2012(Obotan)to Receive Mining Leases for Obotan Gold Project
8/28/2012(Obotan)Obotan Gold Project Feasibility Study Demonstrates a Robust...
9/28/2011(Kubi)Drills 8m of 3.68 g/t gold at Kubi, Ghana
5/25/2011(Obotan)- Positive drilling results pave way for resource upgrade at...
5/4/2011PMI Gold Corporation - Extensive gold zones intersected in l...
1/20/2011appoints experienced resources executive as CEO in lead-up t...
10/22/2009(Obotan)Retires Debt - Next Phase Kubi Drilling Commences - Obotan O...
9/9/2009(Kubi)New gold zone discovered at Kubi, Ghana
7/15/2009(Kubi)Change Of Control Approved By Shareholders Additional Drilli...
7/1/2009(Obotan)Updates Obotan Project, Ghana
9/23/2008(Kubi)Kubi License Area Increased In Ghana
6/3/2008(Kubi)Fiscal Agent Appointed for Kubi Gold Project Financing
4/10/2008Announces Positive Preliminary Assessment Scoping Study Resu...
8/29/2007Drills 44.5 Metres @ 2.61 G/T Au at Nkran, Ghana
Corporate news of PMI Gold Corporation
1/21/2014ISS and Glass Lewis Recommend Asanko and PMI Shareholders Vo...
1/7/2014Asanko and PMI Mail Joint Information Circular in Connection...
12/17/2013Asanko Gold To Acquire PMI To Create An Emerging Mid-Tier Go...
11/28/2013Announces Results of Annual and Special Meeting
10/24/2013Disclosure of CEO Remuneration
9/17/2013Announces Change of CEO
7/30/2013Quarter Activity Update for the period ended 30 June 2013
2/18/2013and Keegan Agree to Terminate Merger Plans
2/6/2013Follow-up RC Drilling at PMI Gold's Afiefiso Prospect Contin...
2/1/2013Quarter Activity Update - For the period ended 31 December 2...
1/24/2013And Keegan Mail Joint Information Circular In Connection Wit...
1/10/2013Anomalous Gold Intersected at PMI Gold's Diaso Prospect, Gh...
12/21/2012(Kaniago)Continues to Encounter Significant Gold Intercepts at its Ka...
12/5/2012And Keegan To Merge As Equals To Form Asanko GoldMerger To C...
11/28/2012Graduates to the TSX
10/26/2012Quarter Activity Update for the Period Ended 30 September 20...
10/9/2012Announces "Overnight Marketed" Offering
9/26/2012Secures US$30m Standby Funding Facility Decision to Apply f...
9/19/2012(Obotan)Files National Instrument 43-101 Compliant Technical Report ...
4/30/2012(Obotan)Positive Drilling Results Show Potential for Fromenda Prospe...
4/19/2012(Obotan)New Discovery at Kaniago Strengthens Satellite Oxide Gold Po...
2/22/2012(Obotan)Announces Further Positive Resources Drill Results from its ...
10/14/2011(Obotan)- 270% Increase in Obotan Project Gold Resources, Ghana
5/10/2011PMI Gold appoints highly experienced geologist to lead aggre...
11/29/2010Completes Canadian Special Warrant Financing to Raise $7,500...
11/8/2010PMI Gold - Launches $27.5M Australian IPO to Build Major Wes...
3/16/2010raises $7.5 m for Ghana gold work
12/11/2009 Warrant exercised / shares for debt issued
4/22/2009Trafalgar Capital Update
4/7/2009Trafalgar Capital Loan Update
1/30/2009on Trafalgar capital Bridge Loan Facility
1/30/2009- updates Trafalgar bridge loan
1/5/2009- New Director Appointed/Debenture Shares Issued
11/20/2008- bridge loan extension-MacQuarrie returns as President
10/8/2008Devitor Bond/Bridge Loan Extension
10/7/2008- bridge loan and bond extension
9/26/2008Kubi Mining Leases Extended For 20 Years
9/23/2008acquires two more concessions, Ghana
9/3/2008Private Placment Can$1,000,000 Closed; Private Investor Inc...
8/21/2008New Concession Acquired in Ghana
8/11/2008to raise $1 million privately
7/9/2008$3.5 Million Secured Loan Arranged Kubi Gold Project Purchas...
5/29/2008VTEM Survey Confirms New Drill Targets At Obotan
2/11/2008(audio) Korelin Daily Radio Inverview with Doug MacQuarrie
1/30/2008Option Of Bankame And Ofoase Concessions To Golden Lion Reso...
12/3/2007Golder Associates to Commence Kubi Gold Project Review
10/15/2007Acquires Nevsun's Kubi Gold Project, Ghana
9/17/2007to purchase Nevsun's Kubi Gold Project, Ghana
8/16/2007Acquires Rights to Purchase Edubia Lease, Ghana
1/13/2006(Obotan)ANALYSIS : Follow up N° 7
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