Red Back Closes $110M Public Offering

On October 31, 2007, Red Back Mining Inc. closed a public offering of 16,667,200 common shares at a price of $6.60 per common share for gross proceeds of $110,003,520. The syndicate of underwriters was led by Scotia Capital Inc. and included GMP Securities L.P. and Cormark Securities Inc.

Red Back was represented by Peter O'Callaghan, Michelle Audet, Marshall Pawar and Elizabeth Dylke (securities) and Kevin Zimka (tax) of Blake, Cassels & Graydon LLP. Cassels Brock & Blackwell LLP acted for the underwriters with a team that included Chad Accursi, Jay King and Jason MacIntosh (securities), and Chris Norton (tax).