By Devika Patel
Knoxville, Tenn., March 4 - OceanaGold Corp. said it raised A$23.87 million through a private placement of Chess Depositary Interests. The deal was announced for up to A$78 million on Feb. 18.
The company sold 10,949,648 CDIs at A$2.18 apiece.
Macquarie Capital Advisers Ltd. was the lead agent.
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$23,870,233
|
| Shares: | 10,949,648
|
| Price: | A$2.18
|
| Warrants: | No
|
| Agent: | Macquarie Capital Advisers Ltd. (lead)
|
| Announcement date: | Feb. 18
|
| Settlement date: | March 4
|
| Stock symbol: | Australia: OGC
|
| Stock price: | A$2.52 at close March 4
|
© 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.
