Baffinland Iron Mines Corporation Completes Bought Deal Offering

On March 27, 2008, Baffinland Iron Mines Corporation completed a bought deal offering pursuant to which it issued 52,886,985 common shares for total gross proceeds of approximately $193 million. The common shares were sold to a syndicate of underwriters led by Raymond James Ltd., and including CIBC World Markets Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., National Bank Financial Inc. and Loewen, Ondaatje, McCutcheon Limited.

Baffinland Iron Mines Corporation was represented by Stikeman Elliott LLP with a team that included Jay Kellerman, Sean Vanderpol, Amanda Linett, Tom Caldwell and Angela Shen.
The underwriters were represented by McCarthy Tétrault LLP with a team that included Gary Litwack, Andrew Parker, Matthew Cumming, Jane Askeland (business) and Jim Morand (tax).
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