Fortuna Silver Mines Inc. (TSX: FVI; NYSE: FSM) has closed previously announced bought deal financing of 11,873,750 common shares, including 1,548,750 common shares that were issued upon the full exercise of the over-allotment option, at US $6.30 share for gross proceeds of US $74,804,625.
The offering was conducted by a syndicate of underwriters co-led by Raymond James Ltd., BMO Nesbitt Burns Inc. and Scotia Capital Inc., and including CIBC World Markets Inc. and National Bank Financial Inc.
Blake, Cassels & Graydon LLP, Skadden, Arps, Slate, Meagher & Flom LLP acted as Canadian and US legal counsels to Fortuna while Stikeman Elliott LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted for the underwriters.