11:26 AM EST - SEMAFO Inc. : said it has closed its previously announced public offering, on a bought-deal basis, with a syndicate of underwriters, led by Thomas Weisel Partners Canada Inc., and including Jennings Capital Inc., Haywood Securities Inc., BMO Capital Markets, Clarus Securities Inc., Blackmont Capital Inc., and PI Financial Corp. Semafo issued a total of 17.85 million common shares at a price of $2.27 per common share for aggregate gross proceeds of $40.52 million. Semafo intends to use a portion of the net proceeds of the offering for resource definition and plant expansion at the Mana Mine in Burkina Faso. SEMAFO Inc.
shares T.SMF are trading up $0.03 at $1.98.
