IKN

Thy sin’s not accidental

Talking of Minefinders (MFN)…..

..Holy Moley, it’s a biggun! This out just 10 minutes ago:

VANCOUVER, BRITISH COLUMBIA-(Marketwire – 12/13/10) – Minefinders Corporation Ltd. (TSX:MFL – News)(AMEX:MFN – News) (“Minefinders” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters under which the underwriters have agreed to purchase on a bought deal basis by way of a supplement to the Company’s short form base shelf prospectus filed in Canada and the base shelf prospectus in the Company’s Form F-10 registration statement filed in the U.S., 13,650,000 common shares (the “Common Shares”) at a price of C$11.10 per Common Share for gross proceeds of C$151,515,000 (the “Offering”).
Minefinders has also granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days after Closing, to purchase up to an additional 2,047,500 Common Shares at the Offering price per share.
The Offering will be led by Scotia Capital Inc. and BMO Capital Markets. The Offering is expected to close on or about December 20, 2010 and is subject to regulatory and stock exchange approvals.
The net proceeds of the Offering will be used for future expansion and mill construction at the Dolores mine, continued development of La Bolsa property, future debt repayments and general corporate purposes.

The Company has filed and received yada yada continues here

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