Growth - Value - Vision

Brazil, Argentina, Chile, Mexico - Yamana is targeting sustainable gold production of 2.2 M oz of gold by 2012.

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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YRI Raises financing to $135 million

posted on Dec 10, 2008 07:43AM

Gold producer Yamana raises financing to $135 million

Wed Dec 10, 11:23 AM
The Canadian Press

By The Canadian Press

TORONTO - Gold producer Yamana Gold Inc. (TSX: YRI.TO) says it has raised a planned $100 million financing to $135 million, more than a third higher than its earlier plans.

The Toronto miner said Wednesday it will issue up to 22.5 million shares in a bought deal offering to an underwriting group led by bought deal with a syndicate of underwriters led by Canaccord Capital Corp. (TSX: CCI.TO) and Scotia Capital Inc.

That's 5.8 million more shares than what it planned to issue in a $100 million financing announced earlier Wednesday.

The money will be used for for ongoing capital requirements, for debt reduction or capital spending, Yamana said.

The financing is slated to close in late December.

Yamana is a company with operations in Brazil, Argentina, Chile, Mexico, Central America and the United States

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