OceanaGold (ASX:OGC) Collects Extra $18.8M from Exercised Over-Allotment

OceanaGold (OGC) has received approximately A$18,840,000 in additional proceeds, thanks to a partially exercised over-allotment option.

Earlier this month, the mining company conducted a bought deal offering, after entering an agreement with a syndicate of underwriters. In its announcement, OceanaGold indicated that the underwriters had agreed to purchase 73 million common shares in the company. 

At an offer price of C$2.06 (approximately A$2.20), the company estimated that it would raise approximately C$150 million (roughly A$157 million) through the equity financing. Read more…..


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