News is good. The financing has closed right on schedule and the full overallotment has been taken up. Here's the company blurb:
Fortuna Silver Mines Inc. ("Fortuna")(TSX:FVI)(BVLAC:FVI) is pleased to announce it has closed the previously announced public offering of 15,007,500 common shares at a price of $2.30 per common share for gross proceeds to Fortuna of $34,517,250 (the "Offering"). The Company filed a final short form prospectus in Alberta, British Columbia, Manitoba and Ontario in connection with the Offering on February 18, 2010. CIBC World Markets Inc. and Canaccord Financial Ltd. acted as co-lead underwriters in connection with the Offering together with BMO Capital Markets (the "Underwriters"). The Offering includes the exercise in full of the over-allotment by the Underwriters.
The net proceeds of the Offering will be used to fund construction of the Company's 100% owned San Jose project in the state of Oaxaca, Mexico and for general corporate purposes.
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