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OceanaGold Corp Announces CAD93,300,000 Bought Deal Financing


Monday, 3 Dec 2012 03:41pm EST 

OceanaGold Corp announced that it has entered into an agreement with a syndicate of underwriters, led by Macquarie Capital Markets Canada Ltd. and Citigroup Global Markets Canada Inc. (the Lead Underwriters), and including Cormark Securities Inc., GMP Securities L.P., and BMO Capital Markets (collectively, with the Lead Underwriters, the Underwriters), pursuant to which the Underwriters have agreed to purchase a total of 30,000,000 common shares of the Company (including common shares represented by ASX-listed CHESS Depository Interests (CDIs) (together, the Securities) on a bought deal basis at a price of CAD3.11 per Security (the Common Share Offering Price) for aggregate gross proceeds of CAD93,300,000 (the Offering). The CDIs will be purchased for the Australian dollar equivalent (AUD$3.00) of the Common Share Offering Price (CDI Offering Price). Accordingly, the Company will use the net proceeds from the Offer to reduce outstanding debt and to provide balance sheet and operating flexibility. The Offering is expected to close on or about December 18, 2012 (Closing). The Underwriters of the Offering have also been granted an option (the Over-Allotment Option) to purchase up to an additional 15% of the number of Securities, at the Common Share Offer Price or CDI Offering Price (as the case may be) on the same terms and conditions as the Offering. 

Company Quote

2.35
-0.08 -3.29%
17 Apr 2014