December 14, 2005
On December 14, 2005, Glencairn Gold Corporation (TSX: GGG), a gold producer, completed a new issue of 15,800,000 Units at a price of $0.38 per Unit. Each Unit was comprised of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.55 per share at any time prior to 5:00 p.m. (Toronto time) on December 14, 2006. The offering was made through a syndicate of underwriters including Orion Securities Inc., Dundee Securities Corporation and Haywood Securities Inc.
Wildeboer Dellelce LLP represented the Underwriters with a team including Derek Sigel, Lisa Cunningham (corporate and securities) and Kevin Fritz (tax).