Primero Closes C$51.75 Million Bought Deal Offering

Primero Mining Corp. (“Primero” or the “Company”) (TSX: P)(NYSE: PPP) is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by BMO Capital Markets and including Scotiabank, TD Securities Inc., RBC Capital Markets and Paradigm Capital Inc. (collectively, the “Underwriters”), pursuant to which the Company issued 22,022,500 units (the “Units”) of the Company at a price of C$2.35 per Unit for aggregate gross proceeds of C$51,752,875 (the “Offering”). The Offering included the Underwriters’ initial agreement to purchase 19,150,000 Units and the exercise in full of the Underwriters’ over-allotment option for an additional 2,872,500 Units.

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