By Sheri Kasprzak
Atlanta, June 23 - HudBay Minerals Inc. has completed a private placement for C$7,500,060.
The company sold 2,193,000 flow-through shares at C$3.42 each.
The deal was first announced as a C$7.5 million offering of up to 2,192,983 flow-through shares under the same terms.
GMP Securities Ltd. led a syndicate of underwriters that placed the offering.
Based in Toronto, HudBay is a mineral exploration and production company. The proceeds will be used for exploration and development on the company's Manitoba and Saskatchewan properties.
| Issuer: | HudBay Minerals Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$7,500,060
|
| Shares: | 2,193,000
|
| Price: | C$3.42
|
| Warrants: | No
|
| Placement agent: | GMP Securities Ltd. (lead)
|
| Pricing date: | June 3
|
| Settlement date: | June 23
|
| Stock price: | C$2.97 at close June 3
|
| Stock price: | C$2.90 at close June 22
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
