$10 million financing expected to close in just 2 week period. Not bad at all.

red911

Premier Gold arranges $10-million financing

2009-08-26 18:09 ET - News Release

Mr. Ewan Downie reports

PREMIER ANNOUNCES $10 MILLION FINANCING

Premier Gold Mines Ltd. has entered into an agreement with Thomas Weisel Partners Canada Inc., as lead agent on behalf of a syndicate of agents, in connection with a best-efforts private placement offering of flow-through common shares of Premier at a price of $3.65 per flow-through share for total gross proceeds of up to $10-million. The flow-through shares will be offered by way of private placement to accredited investors in each of the provinces of Canada.

Premier plans to use the gross proceeds from the sale of the flow-through shares for exploration programs to be conducted on the Hardrock project, the Red Lake projects and the PQ North project in Ontario. The private placement is expected to close on or about Sept. 10, 2009, and is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

We seek Safe Harbor.