Niko Announces $69.0 Million Common Share Financing

Niko Resources Ltd. (TSX NKO) has entered into a bought deal financing agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including Canaccord Capital Corporation, Orion Securities Inc., Octagon Capital Corporation and Maison Placements Canada Inc. to issue 2,000,000 common shares at a price of $34.50 per share for gross proceeds of approximately $69.0 million. Niko Resources Ltd. will apply the proceeds of this issue towards its exploration and development program and for general corporate purposes.
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