Claude Resources Inc. Announces $50 Million Bought
Deal Equity Financing
Claude Resources
Inc. (TSX: CRJ) (NYSE Amex: CGR) � April 6, 2011, Claude Resources Inc. (�Claude� or the �Company�) is pleased to announce
that it has entered into an agreement with Wellington West Capital Markets
Inc., as co-lead underwriter and sole bookrunner,
and NCP Northland Capital Partners Inc., as co-lead underwriter, on behalf
of a syndicate of underwriters to be formed (collectively the
�Underwriters�) for the issuance of 20,000,000 common shares (the �Shares�)
of the Company, on a bought deal basis, at a price of $2.50 per Share for
gross proceeds of $50,000,000 (the �Offering�).
The Underwriters have also been granted an option
in respect of an additional 3,000,000 Shares, to cover over-allotments and
for market stabilization purposes. If the over-allotment option is
exercised in full, the aggregate gross proceeds raised under the Offering
will be $57,500,000.
Claude plans to use the net proceeds of the
Offering for the exploration and development of the Company�s projects and
for general corporate purposes.
The Shares will be offered by way of a short form
prospectus in all provinces of Canada and on a private placement basis
elsewhere.
The offering is scheduled to close on or about May
4, 2011 and is subject to certain conditions including, but not limited to,
the receipt of all necessary approvals including the approval of the
Toronto Stock Exchange, the NYSE Amex and other applicable securities
regulatory authorities.
This news release does not constitute an offer to
sell or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the �1933
Act�), or any state securities laws and may not be offered or sold within
the United States or to, or for the account or benefit of U.S. persons (as
defined in Regulation S under the 1933 Act) absent such registration or an
applicable exemption from such registration requirements.
Claude Resources Inc. is a public company based in
Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange
(TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). Claude is a gold exploration
and mining company with an asset base located entirely in Canada. Since
1991, Claude has produced over 930,000 ounces of gold from its Seabee
mining operation in northeastern Saskatchewan. The Company also owns 100
percent of the 10,000 acre Madsen property in the prolific Red Lake gold
camp of northwestern Ontario and has a 65 percent working interest in the Amisk Gold Project in northeastern Saskatchewan.
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