News Releases
| Mon Jul 9, 2007 Bear Creek Announces $20.0 Million Underwritten Financing | |
| This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. VANCOUVER, July 9 /CNW/ - Bear Creek Mining (TSX Venture: BCM) (the "Company") is pleased to announce that it has entered into an agreement for an overnight-marketed private placement with a syndicate of underwriters co-led by Haywood Securities Inc., and Canaccord Capital Corp. pursuant to which the syndicate has agreed to purchase approximately 2,425,000 units from treasury. Pricing will be determined in the context of the market for gross proceeds of approximately $20.0 million. The offering is being done on a private placement basis and is subject to regulatory approvals. Each unit is comprised of one common share and one-half of one common share purchase warrant. The offering is expected to close on or about August 1, 2007. Net proceeds from the offering will be used to fund the exploration and development of the Company's Corani and Santa Ana Silver projects in Peru and for general corporate purposes. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Bear Creek Mining Corporation "Andrew T. Swarthout" Andrew T. Swarthout President and CEO For further information, Contact: Andrew T. Swarthout or Tel: (604) 685-6269 or Patrick De Witt - Investor Relations Direct: (604) 628-1111 E-mail: info@bearcreekmining.com For further information, please visit the Company's website (www.bearcreekmining.com) | |