May 16 (Reuters) - Richmont Mines Inc RIC.TO
* Entered agreement for issuance of 2.6 million common
shares of corporation, on a bought-deal basis, at a price of
CAN$10.40 per share
* To use net proceeds to expand current exploration program
and potential organic growth opportunities at cornerstone island
gold mine
* Richmont mines announces CAN$27 million bought deal
financing of common shares
Source text for Eikon: ID:nCCN5jc2bs
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