CEY Centamin Plc

 

TIDMCEY 
 
RNS Number : 9846L 
Centamin Egypt Limited 
21 January 2009 
 

 
 
Centamin Egypt Limited ("Centamin" or "the Company") 
(TSX:CEE, ASX:CNT, AIM:CEY) 
 
 
 
 
CENTAMIN EGYPT LIMITED ENTERS INTO A BOUGHT DEAL AGREEMENT FOR GROSS PROCEEDS OF 
C$60,000,200 
 
 
 
 
Centamin Egypt Limited (TSX:CEE, AIM:CEY, ASX:CNT) is pleased to announce that 
it has entered into an agreement with a syndicate of underwriters led by Thomas 
Weisel Partners Canada Inc. and Cormark Securities Inc. (the "Underwriters") 
under which the Underwriters have agreed to buy 92,308,000 ordinary shares (the 
"Ordinary Shares") from Centamin Egypt Limited on a bought-deal basis and sell 
them to the public at a price of C$0.65 per Ordinary Share. The Company has also 
granted to the Underwriters an over-allotment option to purchase up to an 
additional 13,846,200 Ordinary Shares at the same price, exercisable by the 
Underwriters in whole or in part for a period of 30 days on or following the 
closing of the offering. 
 
 
The gross proceeds raised from the offering will be C$60,000,200 
(C$69,000,230 if the over-allotment option is exercised). The offering is 
subject to the approval of the TSX. The Ordinary Shares will be offered in 
Canada by short form prospectus, and in such other jurisdictions, including the 
United States and in those jurisdictions outside of Canada which are agreed to 
by the Company and the Underwriters, where the Ordinary Shares can be issued on 
a private placement basis, exempt from any prospectus, registration or other 
similar requirements. The offering is expected to close on or about 17 February 
2009. 
 
 
Centamin Egypt Limited intends to use the net proceeds of the offering for the 
continued development of the Sukari Gold Project, underground development, other 
exploration and general corporate and working capital purposes. The requirement 
for additional development funds is primarily a result of recent movements in 
the US dollar to Canadian dollar exchange rate and construction delays at the 
Sukari Gold Project (as previously reported). The Company remains debt free, 
without gold hedging and on track for gold production in Q2 2009. The Toronto 
Stock Exchange does not accept responsibility for the adequacy or accuracy of 
this release. 
 
 
The securities being offered have not, nor will they be registered under the 
United States Securities Act of 1933, as amended, and may not be offered or sold 
within the United States or to, or for the account or benefit of, U.S. persons 
absent U.S. registration or an applicable exemption from the U.S. registration 
requirements. This release does not constitute an offer for sale of securities 
in the United States. 
 
 
For Centamin Egypt Limited 
 
 
 
 
Josef El-Raghy 
Managing Director/CEO 
21 January 2009 
 
 
 
 
 
 
For more information please contact: 
 
 
+--------------------------+------------------------------+---------------------------+ 
| Centamin Egypt Limited   |   Pelham Public Relations    |  Ambrian Partners Limited | 
| + 61 (8) 9316 2640       |    + 44 (0) 207 743 6376     |    + 44 (0) 207 7634 4700 | 
| Josef El-Raghy           |        Candice Sgroi         |             Richard Brown | 
| www.centamin.com         |  Mobile: + 44 (0) 7894 462   |        Richard Greenfield | 
|                          |             114              |                           | 
+--------------------------+------------------------------+---------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGRBBMFTMMITMJL 
 

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