Fortuna Silver Mines Inc.

TSX: FVI
BVLAC: FVI


Mar 02, 2010 08:50 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 2, 2010) –

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Fortuna Silver Mines Inc. (“Fortuna”)(TSX:FVI)(BVLAC:FVI) is pleased to announce it has closed the previously announced public offering of 15,007,500 common shares at a price of $2.30 per common share for gross proceeds to Fortuna of $34,517,250 (the “Offering”). The Company filed a final short form prospectus in Alberta, British Columbia, Manitoba and Ontario in connection with the Offering on February 18, 2010. CIBC World Markets Inc. and Canaccord Financial Ltd. acted as co-lead underwriters in connection with the Offering together with BMO Capital Markets (the “Underwriters”). The Offering includes the exercise in full of the over-allotment by the Underwriters.

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For more information, please contact

Investor Relations:
Fortuna Silver Mines Inc. – Lima office
Carlos Baca
51.1.616.6060
or
Fortuna Silver Mines Inc. – Vancouver office
Erin Ostrom
604.484.4085
www.fortunasilver.com

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Fortuna Closes $34.5 Million Bought Deal Financing

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