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Bluestone Resources announces C$80 million bought-deal financing

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(Kitco News) - Bluestone Resources (TSXV:BSR) announced Thursday a bought-deal financing of C$80 million.

The syndicate of underwriters is led by Canaccord Genuity.

The underwriters will purchase, on a bought deal basis, 45,720,000 common shares of the company at a price of C$1.75 per common share.

Net proceeds will be used to advance the Cerro Blanco project, as well as for working capital and general corporate purposes.

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