Baja Mining Corp. completes C$17.5 million public offering

Date Closed: 8/13/2010

Value: C$17.5 million

On August 13, 2010, Baja Mining Corp. (Baja) completed a public offering of 21,875,000 common shares at $0.80 per common share raising a total of $17,500,000. The net proceeds of the offering will be used for engineering and construction of the Boleo Project located in Baja California Sur, Mexico, and for general corporate purposes.

The common shares were sold through a syndicate of underwriters led by Cormark Securities Inc. and including CIBC World Markets Inc., Canaccord Genuity Corp. and Rodman and Renshaw LLC (who participated only with respect to sales on an exempt basis in the United States).

The syndicate of underwriters was represented in Canada by BLG with a team that consisted of Paul Mingay, Philippe Tardif, Dyana McLellan, Shaunik Katyal and Krsti​na Skocic (corporate/securities) and Larissa Tkachenko (tax).