Fortuna Announces US$65 Million Bought Deal Financing

http://www.stockhouse.com/news/press-releases/2017/01/23/fortuna-announces-us-65-million-bought-deal-financing

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 23, 2017) – Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI) (“Fortuna” or the “Company”) announces that it has entered into an agreement with a syndicate of underwriters, co-led by Raymond James Ltd., BMO Capital Markets and Scotia Capital Inc. (together the “Underwriters”), pursuant to which the Underwriters have agreed to buy on a bought deal basis, 10,325,000 common shares of the Company (the “Common Shares”) at a price of US$6.30 per Common Share, for total gross proceeds of approximately US$65.0 million (the “Offering”). The Company has also granted to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,548,750 additional Common Shares (the “Over-Allotment Shares”, and together with the Common Shares, the “Offered Shares”). The Over-Allotment Option will be exercisable for a period of 30 days following closing of the Offering.

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