Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million.

The deal is expected to close March 10, 2009 and is currently working its way through the regulatory process.

For full details, see the press release on the Colossus Mineral web site ^[1].