Yamana Gold completes $299M offering

On February 3, 2015, Yamana Gold Inc (“Yamana”) completed its offering (the “Offering”) of 56,465,000 common shares, for aggregate gross proceeds of $299,264,500. The Offering was completed through 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 “Underwriters”). The net proceeds of the Offering will be used to reduce debt under Yamana’s revolving credit facility.

Cassels Brock & Blackwell LLP represented Yamana with a team comprising Mark Bennett, Andrea Fitzgerald, Angela Chu, Joel McElravy, Zohar Barzilai (securities and mining), David Budd (financial services) and Chris Norton (taxation).

Bennett Jones LLP represented the Underwriters with a team comprising Michael MelansonJames Clare, Tiffany Canzano, Ali Naushahi, Andrew Disipio, Chris Doucet (securities and mining), Mark Rasile (financial services) and Martin Sorensen (taxation).