Barkerville GoldMines Ltd. said April 4 that it has entered an agreement with HaywoodSecurities Inc. on behalf of a syndicate of underwriters to raise approximatelyC$13.5 million in a bought-deal private placement, issuing 19,290,000 flow-throughshares for 70 cents apiece.
Proceeds will be put toward exploration expenses at Barkerville'sBritish Columbian properties.
The underwriters have been granted an overallotment option topurchase up to an additional 15% of flow-through shares issuable under the offering.
The offering is expected to close April 26.