Yamana boosts share issue hours after announcement

Canadian miner Yamana Gold Inc. boosted the size of a bought-deal equity issue to $135-million from $115.2-million yesterday, just less than three hours after first announcing the new common share offering. The Toronto company said it had increased the size of the planned issue by 5.8 million shares to 22.5 million shares, while eliminating a 2.5 million share overallotment offering it had originally granted the investment dealers who are buying the issue to resell it. The gold miner and its underwriters priced the offering unchanged at $6, 60 cents below the company's closing price in Toronto Tuesday. YRI (TSX) rose 56 cents to $7.16 on high volume of 38 million shares.