"Torex Gold Resources Inc. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy, on a bought deal basis, 4.37 million common shares at a price of $12.60 per common share for gross proceeds of approximately $55-million. The company has granted the underwriters 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 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about Feb. 7, 2018, and is subject to the company receiving all necessary regulatory approvals."
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