MOE Moto Goldmines

 

TIDMMOE 
 
RNS Number : 1166Q 
Moto Goldmines Limited 
03 April 2009 
 

 
 
Not for distribution to United States newswire services or for dissemination in 
the United States 
 
 
NEWS RELEASE 
 
 
FOR IMMEDIATE RELEASE                                                      TSX 
Code - MGL 
APRIL 3, 2009 
    AIM Code - MOE 
 
 
Moto Goldmines Announces Bought Deal Financing 
 
 
PERTH, WESTERN AUSTRALIA - Moto Goldmines Limited ("Moto") is pleased to 
announce that it has entered into an agreement with a syndicate of underwriters 
co-led by GMP Securities L.P. and BMO Capital Markets and including Haywood 
Securities Inc. and RBC Capital Markets (the "Underwriters") which has agreed to 
purchase, on a bought deal basis, 17,860,000 common shares of Moto at a price of 
C$2.80 per share, for aggregate gross proceeds of C$50 million. The Underwriters 
will also have the option, exercisable in whole or in part at any time up to 30 
days after the closing of the offering, to purchase up to an additional 
2,679,000 common shares to cover over-allotments, if any, and for market 
stabilization purposes. If the option is exercised in its entirety, the 
aggregate gross proceeds of the offering will be approximately C$57.5 million. 
 
The Company plans to use the net proceeds from the offering to advance the 
Moto Gold Project as well as for general corporate purposes including working 
capital. 
 
The common shares will be offered by way of a short form prospectus to be 
filed in all of the provinces of Canada, except Québec, and in the United States 
on a private placement basis pursuant to exemptions from the registration 
requirements of the United States Securities Act of 1933, as amended (the 
"Securities Act") and to buyers in the United Kingdom on an exempt basis.  The 
common shares offered will not be and have not been registered under the 
Securities Act and may not be offered or sold in the United States absent 
registration or an applicable exemption from the registration requirements of 
the Securities Act and applicable state securities laws. 
 
The offering is scheduled to close on or about April 27, 2009 and is subject 
to certain conditions including, but not limited to, the receipt of all 
necessary approvals including the approval of the Toronto Stock Exchange and the 
securities regulatory authorities. 
 
 
 
 
For further information in respect of Moto Goldmines Limited, please contact: 
 
 
Andrew Dinning  Mark Arnesen 
President and Chief Operating Officer     Finance Director and Chief Financial 
Officer 
Tel: +(61 8) 9273 4222                    Tel: +(61 8) 9273 4222 
email: adinning@motogoldmines.com       email: marnesen@motogoldmines.com 
 
 
Moto Goldmines Limited website: www.motogoldmines.com 
 
 
Nominated advisor for AIM listing requirements: RFC Corporate Finance Ltd 
    Stephen Allen 
    Tel: +61 (8) 9480 2508 
    email: stephen.allen@rfc.com.au 
 
 
AIM Broker                                     GMP Securities Europe LLP 
   James Hannon 
   Tel: +44 207 647 2803 
   email: james.hannon@gmpeurope.com 
 
 
CAUTION REGARDING FORWARD-LOOKING STATEMENTS: 
 
 
Certain statements contained in this announcement that are not historical facts 
constitute "forward-looking statements", including but not limited to those 
statements with respect to the Company's plans to develop the Moto Gold Project 
and the Company's financial resources. There can be no assurance that additional 
financing for the Moto Gold Project will be made available on terms that are 
acceptable to the Company, or at all, that the Moto Gold Project will be 
successfully developed, that any mineralisation previously disclosed in respect 
of the Moto Gold Project will be proven to be economic, that anticipated 
metallurgical recoveries will be achieved, that future evaluation work will 
confirm the viability of deposits identified in the Moto Gold Project or that 
future required regulatory approvals will be obtained. 
 
 
This list is not exhaustive of the factors that may affect our forward-looking 
statements. These and other factors should be considered carefully and readers 
should not place undue reliance on such forward-looking statements.  Except as 
may be required by law, Moto disclaims any intention or obligation to update or 
revise forward-looking information, whether as a result of new information, 
future events or otherwise. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEBDGDSCDGGGCX 
 

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