Lundin Gold Inc.

10:02 AM EST - Lundin Gold Inc. : Has entered into an agreement with BMO Capital Markets, under which BMO has agreed to buy on a bought deal basis 4,150,000 common shares, at a price of $12.05 per Common Share for gross proceeds of approximately $50 million. The Company has granted BMO an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about June 11, 2020 and is subject to Lundin Gold receiving all necessary regulatory approvals. Lundin Gold Inc. shares T.LUG are trading down $0.39 at $12.29.