Bema Closes Bought Deal Financing

On October 5, 2005, Vancouver-headquartered Bema Gold Corp. completed a bought deal financing that raised proceeds of $142.7 million. Proceeds from the offering are being used to further advance Bema's Kupol Property in Russia and for general corporate purposes.

Bema was represented by Cyndi Laval of Gowling Lafleur Henderson LLP and by Rod McKeen of Axium Law Corporation. A syndicate of underwriters co-led by GMP Securities Ltd. and Genuity Capital was represented by Stikeman Elliott LLP's Neville McClure in Vancouver and Jay Kellerman in Toronto.