Gol announced the early October sale of at least 51.8 million shares on the Sao Paulo stock exchange--34.5 million preferred shares in a primary offering and 17.3 million voting shares in a secondary offering. According to press reports form Sao Paulo, the offering would raise BRL963.9 million ($530.1 million) based on Tuesday's closing price and would raise the LCC's capital to BRL2.57 billion.

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