Torex Gold Resources completes $61.7 million public offering

On February 7, 2018, Torex Gold Resources Inc. (the “Company” or “Torex”) completed a public offering (the “Offering”) of common shares of the Company (the “Common Shares”) pursuant to a prospectus supplement dated January 31, 2018. The Offering was made through a syndicate of underwriters led by BMO Capital Markets and which included Scotia Capital Inc., Canaccord Genuity Corp., Clarus Securities Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc. An aggregate of 4,895,000 Common Shares were issued by the Company at a price of $12.60 per Common Share, including 525,000 Common Shares issued on the partial exercise of the over-allotment option, for aggregate gross proceeds of $61,677,000. The net proceeds of the Offering will be used by Torex to fund and provide liquidity for Torex’s working capital obligations during the re-start and ramp-up of the El-Limon and Guajes Mine Complex and for general corporate purposes. Fasken Martineau acted for the syndicate of underwriters with a team led by John Turner and that included Nancy Eastman, Myroslav Chwaluk, Laura Konkel, Dana Gregoire and Ken Taylor (student-at-law).