Glencairn Gold Completes $10 Million Offering

December 09, 2004

On December 9, 2004, Glencairn Gold Corporation (TSX: GGG), a gold producer, completed a new issue of 13,700,000 million Units, each comprised of one common share and one-half of one common share purchase warrant for gross proceeds of $10 million. The offering was made through a syndicate of underwriters including Orion Securities Inc., McFarlane Gordon Inc., RBC Dominion Securities Inc. and Desjardins Securities Inc.

Wildeboer Dellelce LLP represented the Underwriters with a team including Derek Sigel, Diana Escobar (corporate and securities) and Kevin Fritz (tax).

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