UPDATE 1-Keegan to raise C$14.4 mln in equity financing

May 4 (Reuters) - Keegan Resources Inc (KGN.TO) said it plans to raise about C$14.4 million ($12.21 million) by selling 6 million shares to Dundee Securities Corp and a syndicate of underwriters.

As part of the offering, the company engaged in resources exploration will sell the shares at C$2.40 each, a discount of more than 5 percent to its Monday closing of C$2.54 on the Toronto Stock Exchange.

The underwriters, including Cannacord Capital Corp, Clarus Securities Inc, Paradigm Capital Inc and Wellington West Capital Markets Inc, have an option to purchase an additional 900,000 shares for C$2.1 million, Keegan said in a statement.

Keegan is the latest to join a growing list of Canadian companies that are raising money by selling their stock at a discount. ($1=1.179 Canadian Dollar) (Reporting by Richa Dubey in Bangalore; Editing by Ratul Ray Chaudhuri)