/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, April 27 /CNW/ - Geovic Mining Corp. (the "Company") (TSXV:
GMC/GMC.WT/GMC.WT.A/GMC.WT.B) is pleased to announce that it has closed its
previously announced public offering of 8,750,000 units (the "Units") of the
Company at a price of Cdn$4.00 per Unit for gross proceeds of Cdn$35 million.
Each Unit consists of one common share of the Company and one-half of one
common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant
has an exercise price of Cdn$5.00 and is exercisable until April 27, 2012. The
Warrants commenced trading on the TSX Venture Exchange today under the symbol
Canaccord Adams Limited and Orion Securities Inc. acted as underwriters
for the offering. The Company has granted the Underwriters an option,
exercisable for a period of 30 days from the closing of the offering, to
purchase up to an additional 1,312,500 units with the same terms as the Units
to cover over-allotments.
This press release is not an offer of securities for sale or the
solicitation of an offer to buy securities in the United States or Canada.
Securities may not be offered in the United States.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Geovic Mining Corp., John Sherborne, (970)