Detour Gold completes US$282 million bought deal financing

On July 19, 2010, Detour Gold Corporation (TSX: DGC) completed its previously announced bought deal public offering of common shares. In addition to the 10,500,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets, TD Securities Inc. and RBC Capital Markets, purchased 1,250,000 of the 1,575,000 common shares available for issuance pursuant to the exercise of their over-allotment option. In total, 11,750,000 common shares were issued for aggregate gross proceeds of $282 million. Fasken Martineau advised the underwriters on this deal with a team that included Rob Mason, Amanda Fullerton and Michael Shour (securities) and Mitchell Thaw (tax).