OceanaGold may raise C$78 million in Chess Depositary Interests sale

By Devika Patel

Knoxville, Tenn., Feb. 18 - OceanaGold Corp. said it plans to raise C$78 million through a private placement of Chess Depositary Interests at A$2.18 apiece and a concurrent prospectus sale of subscription receipts. The company did not specify how much it planned to raise in each offering.

Macquarie Capital Advisers Ltd. is the lead agent for the placement.

Based in Melbourne, Australia, OceanaGold is a gold exploration company.

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