MELBOURNE, AUSTRALIA--(Marketwire - Dec. 18, 2012) - OceanaGold Corporation (TSX:OGC)(ASX:OGC)(NZSE:OGC) (the "Company") is pleased to announce that it has closed its bought deal equity financing announced 3 December 2012. The Company issued 30,000,000 common shares of the Company (including common shares represented by ASX-listed CHESS Depository Interests ("CDIs") (together, the "Securities") at a price of CDN$3.11 per Security (the "Common ShareOffering Price") for aggregate gross proceeds of CDN$93,300,000 (the "Offering").
The CDIs were purchased for the Australian dollar equivalent (AUD$3.00) of the Common Share Offering Price, as at the date that the Offering was first announced ("CDI Offering Price").
The Offering was underwritten by 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").
The Underwriters have been granted an option (the "Over-Allotment Option") to purchase up to an additional 15% of the number of Securities, at the Common Share Offering Price or CDI Offering Price (as the case may be) on the same terms and conditions as the Offering. The Over-Allotment Option is exercisable in whole or in part at any time within 30 days of the Closing at the sole discretion of the Lead Underwriters.
The Company intends to use the net proceeds from the Offering to reduce outstanding debt and to provide balance sheet and operating flexibility.
OGC says nothing about it's financing on oceanagold.com. Why?
OGC Price at posting:
$2.75 Sentiment: ST Buy Disclosure: Held
