Cline Mining Completes Offering Of Shares

On June 7, 2011, Cline Mining Corporation closed its previously announced short form prospectus offering of 31,372,000 common shares at a price of $2.75 per common share for aggregate gross proceeds of $86,273,000 (which included the exercise of the over-allotment option by the underwriters in full).

A syndicate of underwriters, led by TD Securities Inc. and including GMP Securities L.P., Jennings Capital Inc., Cormark Securities Inc. and M Partners Inc., acted as underwriters for the Offering.

McLean & Kerr LLP acted for Cline Mining Corporation with a team consisting of Jim Blake (securities & mining) and Lucie Kroumova (securities).

Cassels Brock & Blackwell LLP acted for the syndicate of underwriters, with a team consisting of Jennifer Traub (securities & mining) and Nancy Choi and Myroslav Chwaluk (securities).



McLean & Kerr LLP Cassels Brock & Blackwell LLP