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Yamana Announces Closing of C$299.3 Million Equity Financing, Including Full Over-Allotment Option Exercise

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Yamana Announces Closing of C$299.3 Million Equity Financing, Including Full Over-Allotment Option Exercise






YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) announced today that it has closed its previously announced offering of common shares of the Company. A total of 56,465,000 Offered Shares have been issued at a price of C$5.30 per Offered Share, for aggregate gross proceeds of C$299,264,500, which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 7,365,000 Offered Shares.

The Offered Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., Credit Suisse Securities (Canada), Inc., Raymond James Ltd., Citigroup Global Markets Canada Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., Morgan Stanley Canada Limited, and Barclays Capital Canada Inc.

The net proceeds of the Offering will be used to reduce debt under the Company’s revolving credit facility.

About Yamana

Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile, Mexico and Canada. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.

Posted February 3, 2015

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