03:01 PM EST - Yamana Gold Inc. : Has entered into an agreement with Stifel GMP and Cormark Securities Inc to sell 12,000,000 units at a price of $10.00 per Unit to qualified purchasers, for gross proceeds to Yamana of $120,000,000. The Dealers have committed to purchase from Yamana any unsold Units at a price of $10.00 per Unit on closing, subject to customary conditions for "bought deal" financings. Each Unit consists of one common share of Equinox Gold Inc. owned by Yamana and one-half of a common share purchase warrant of Yamana. Each Warrant shall entitle the holder thereof to acquire one additional common share of Equinox owned by Yamana at an exercise price of $13.50 for a term of nine months from the date of issue. In the event all Warrants are exercised, the total gross proceeds to Yamana would be $201,000,000. Yamana Gold Inc.
shares T.YRI are trading up $0.51 at $5.75.