By The Canadian Press

TORONTO - Linear Gold Corp. (TSX:LRR) said Wednesday it has signed a deal for an overnight marketed public offering of units to help fund the development and construction of its Goldfields project.

Terms of the offering and pricing of the units and shares will be determined in the context of the market, the company said.

Linear said the units will include one share and half a share purchase warrant with an expected exercise price of $3 per warrant.

The offering will be conducted through a syndicate of agents led by Cormark Securities Inc., which has been an over-allotment option for an additional 15 per cent of the units sold in the offering.

Linear shares, which were halted pending the announcement, were up 12 cents at $2.34 on the Toronto Stock Exchange on Wednesday.