Placer Dome Completes US$468M Offering

On November 23, 2004, Placer Dome Inc. completed a US$468 million offering of 21,275,000 common shares at US$22 per share. The offering was completed as an overnight marketed transaction, was priced the morning following the launch and was offered in Canada and the US pursuant to a short form prospectus and the Canada/US multi-jurisdictional disclosure system.

The transaction is the largest equity offering ever completed by a Canadian mining company and one of the largest equity offerings ever completed in British Columbia. Placer Dome will use the proceeds from the offering for general corporate purposes, which may include funding of new project development and other capital expenditures.

The underwriting syndicate was co-led by CIBC World Markets Inc. and Scotia Capital Inc. and included Deutsche Bank Securities Ltd., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., UBS Securities Canada Inc., BMO Nesbitt Burns Inc., GMP Securities Ltd., National Bank Financial Inc. and Salman Partners Inc.

Placer Dome’s in-house legal team included Trevor Thomas, legal counsel, and Geoff Gold, vice-president, assistant secretary and associate general counsel. External counsel for Placer Dome was led by Edwards, Kenny & Bray, with a team that included Bill Hartley, Geoff Sherrott, David Allman, Brian Mulholland, Lindy Hill, Renee Teleske and Chani Campbell; and included Osler, Hoskin & Harcourt in Canada, with a team that included Doug Marshall, Monica Biringer, Manjit Singh, Paolo Berard and Dominique Têtu; and Shearman & Sterling in the US, with a team that included Christopher Paci, Andrew Yeung, Allison Fergus, Sky Frautschi, Amanda Kosonen, Don Lonczak, Ja Kao and Jeff Salinger in New York.

The underwriters were represented in Canada by Blake, Cassels & Graydon, with a team comprised of Geoffrey Belsher, Peter O’Callaghan, Bob Wooder, Matt Desharnais, Michael Raven, Paul Cassidy, Gloria Chao, Kevin Zimka, Karla Everatt and Marshall Pawar; and in the US by Sidley Austin Brown & Wood, with a team comprised of Eric Haueter, Brad Fenner, Rebecca Keppel, Nicholas Brown, Brandon Holder, Ben Nager and Amy Greeley.