Oceana completes C$150m raise

Oceana completes C$150m raise
Mining News Pro - OceanaGold has completed its C$150-million bought deal equity financing, issuing 73-million common shares at a price of C$2.06 each.

The offered shares have been listed on the Toronto Stock Exchange.

OceanaGold has also granted the underwriters the option, exercisable within the next 30 days, to purchase up to an additional 10.95-million common shares at the offer price, and on the same terms and conditions as the offer shares, to cover the overallotments.

The ASX- and TSX-listed company will use the net proceeds of the offering to fund organic growth projects, including the Haile underground development, ongoing exploration and development of its New Zealand mineral properties, and to fund working capital.

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