Colossus Closes $24.7 Million Financing

Reproduction
Tue, Mar 10, 2009

Palladium Company News
Post by Melissa Pistilli, Palladium Senior Reporter

Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. The deal brought in money at $2.15 per unit, a significant premium over yesterday’s closing price of $1.77. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.

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