By Devika Patel
Knoxville, Tenn., July 21 - OceanaGold Corp. said it completed a private placement of Chess Depositary Interests for approximately A$24.2 million.
The company sold approximately 24.2 million CDIs at A$1.00 apiece.
Macquarie Capital Advisers Ltd. was the sole lead manager and bookrunner.
Proceeds will enable the company to undertake a brownfields exploration and drilling program of prospective targets. They will also be used for general corporate purposes.
Based in Melbourne, Australia, OceanaGold is a gold exploration company.
| Issuer: | OceanaGold Corp.
|
| Issue: | Chess Depositary Interests
|
| Amount: | A$24.2 million (approximate)
|
| Shares: | 24.2 million (approximate)
|
| Price: | A$1.00
|
| Warrants: | No
|
| Bookrunner: | Macquarie Capital Advisers Ltd.
|
| Settlement date: | July 21
|
| Stock symbol: | Australia: OGC
|
| Stock price: | A$1.20 at close July 21
|
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