​Excelsior Mining Corp. completes C$4 million bought deal offering

Date closed: 6/27/2014

Value: C$4 million

On June 27, 2014, Excelsior Mining Corp. (the Corporation) completed a bought deal short form prospectus offering of units (the Offering). In aggregate, 16,000,000 units (the Units) of the Corporation were issued, at a price of $0.25 per unit, for gross proceeds of $4,000,000. Each Unit consists of one common share in the capital of the Corporation (a Common Share) and one-half of a Common Share purchase warrant (each whole Common Share purchase warrant, a Warrant). Each Warrant entitles the holder to acquire one Common Share (a Warrant Share) at an exercise price of $0.45 per Warrant for a period of 24 months following June 27, 2014. The Offering was sold pursuant to an underwriting agreement between the Corporation and Dundee Securities Ltd. The net proceeds of the Offering will be used for the continued development of the Corporation's Gunnison Copper Project and for working capital.

BLG represented Dundee Securities Ltd. as sole underwriter with a team led by Jason Saltzman that included Daniel Lang, Habeeb Syed, Liz Ng and Michael Brar.