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Migao Corporation completes US$40.3 million bought deal financing

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Migao Corporation

On December 10, 2009, Migao Corporation (TSX:MGO), a China-based leading specialty potash fertilizer producer, announced the successful closing of its previously announced bought deal prospectus offering with a syndicate of underwriters co-led by CIBC World Markets Inc. and Canaccord Capital Corporation, and including GMP Securities L.P., Dundee Securities Corporation, Jennings Capital Inc., Research Capital Corporation, UBS Securities Canada Inc. and Wellington West Capital Markets Inc. Pursuant to the offering, 5,681,000 common shares of Migao, including the underwriters' fully exercised over-allotment option to purchase an additional 741,000 common shares, were issued at a price of $7.10 per common share for aggregate gross proceeds of $40,335,100. The underwriters were advised by Fasken Martineau with a team that included John Sabetti, Rubin Rapuch, Edmond Luke, Jeff Hergott, Song Hill and Jessica Catton.



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