May 16, 2016 / 9:22 PM / in 2 years

BRIEF-Richmont Mines announces C$27 mln bought deal financing of common shares

May 16 (Reuters) - Richmont Mines Inc

* Entered agreement for issuance of 2.6 million common shares of corporation, on a bought-deal basis, at a price of CAN$10.40 per share

* To use net proceeds to expand current exploration program and potential organic growth opportunities at cornerstone island gold mine

* Richmont mines announces CAN$27 million bought deal financing of common shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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