BEAR CREEK MINING CORPORATION ("BCM")
BULLETIN TYPE: Prospectus - Share Offering
BULLETIN DATE: November 5, 2010
TSX Venture Tier 1 Company
Bear Creek Mining Corporation has closed its financing pursuant to its Short Form Prospectus dated October 29, 2010 which was filed with and accepted by TSX Venture Exchange Inc. and filed with and receipted by the securities commissions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, the Yukon Territory, the Northwest Territories and Nunavut on October 29, 2010, pursuant to the provisions of the applicable Securities Acts (the "Offering").
TSX Venture Exchange has been advised that the Offering closed on November 5, 2010, for gross proceeds of $129,904,000 (including the Over-Allotment Option which has been exercised in full).
Underwriters: BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Paradigm Capital Inc., Haywood Securities Inc., Raymond James Ltd., Cormark Securities Inc. and Scotia Capital Inc.
Offering: 20,297,500 common shares (the "Shares") including 2,647,500 shares issued under the Over-Allotment
Share Price: $6.40 (the "Offering Price")
Underwriter's Fee: The Underwriters will receive a fee equal to $0.32 per common share from the sale of common shares under the Offering including the Over-Allotment being an amount of $6,495,200.
Over-Allotment Option: The Underwriters were granted an option (the "Over-Allotment Option") to purchase an additional 2,647,500 Shares at the Offering Price, for a period of up to 30 days from the closing of the Offering. The Over-Allotment Option has been exercised in full.
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