|Date Announced:||January 12, 2015|
|Date Closed:||February 03, 2015|
|Client Name:||Canaccord Genuity Corp. and National Bank Financial Inc.|
On February 3, 2015, Yamana Gold Inc (“Yamana”) completed its offering (the “Offering”) of 56,465,000 common shares, for aggregate gross proceeds of C$299,264,500. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., Credit Suisse Securities (Canada), Inc., Raymond James Ltd., Citigroup Global Markets Canada Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., Morgan Stanley Canada Limited, and Barclays Capital Canada Inc.(the “Underwriters”). The net proceeds of the Offering will be used to reduce debt under Yamana's revolving credit facility.
Bennett Jones LLP represented the Underwriters with a team comprised of Michael Melanson, James Clare, Tiffany Canzano, Ali Naushahi, Andrew Disipio, Chris Doucet (Securities and Mining), Mark Rasile (Financial Services) and Martin Sorensen (Taxation).