High River Gold Mines Closes Private Placement

Toronto-based High River Gold Mines Ltd., raised $25 million in a private placement that closed on January 31, 2003. The financing was underwritten by Sprott Securities Inc. and Dundee Securities Corporation.

David Poynton and Chad Accursi of Cassels Brock & Blackwell LLP acted for High River and its local counsel across Canada, the U.S., Cayman Islands, Russia and Cyprus. Aird & Berlis LLP acted for the underwriters, with a team that included Kevin Rooney, Sonia Yung, Michael Bourassa and Sonja Felderhof.