Lacana completes sale of shares

Lacana Mining says it has completed the sale of five million common shares, represented by deposit receipts, at $12 each. The proceeds have been used to reduce the debt incurred from Lacana’s recent purchase of 51% of Mascot Gold Mines.

The issue was underwritten in Canada by Gordon Capital, Loewen Ondaatje McCutcheon and Merrill Lynch, and in the U.K. by Alexanders Laing and Cruickshank.