Richmont announced today that it has completed a private placement of 980,500 common shares at CAN$10.50 per share with the Fonds de solidarité FTQ and the Fonds régional de solidarité Abitibi-Témiscamingue, s.e.c., for a total cash consideration of CAN$10,295,250. In addition, the Private Placement entitles the Subscribers to 245,125 warrants to purchase additional Common Shares at an exercise price of CAN$13.00 per
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