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Brazil, Argentina, Chile, Mexico - Yamana is targeting sustainable gold production of 2.2 M oz of gold by 2012.

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Message: Financing C$500 million

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Financing C$500 million

posted on Apr 01, 09 05:04AM

UPDATE 1-Yamana Gold files for C$500 mln mixed shelf

Wed Apr 1, 2009 7:55am EDT

April 1 (Reuters) - Canada's Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz) plans to periodically sell C$500 million in debt securities, common shares, warrants or subscription receipts, it said in a regulatory filing.

The company said it intends to use the proceeds for general corporate purposes, funding ongoing operations and repay debt.

Yamana, which has assets in Brazil, Argentina, Chile and Mexico, currently has five development stage projects in the pipeline.

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.

Shares of the company closed at C$11.77 on Tuesday on the Toronto Stock Exchange. (Reporting by Richa Dubey in Bangalore; Editing by Gopakumar Warrier)

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