4 Mar 2016capital raising announcement● Neutral
Closed the 83.4 million share bought deal at US$3.00 for about US$250 million, with roughly US$175 million repaying the facility drawn for the Barrick Nevada purchase.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Feb 2016capital raising announcement▼ BadMajor
Announced a bought deal of 83.4 million shares at US$3.00 for about US$250 million, with roughly US$175 million going to repay the credit facility drawn to buy the Nevada mines from Barrick six weeks earlier. Equity issued to term out an acquisition, at a share price near the bottom of the cycle.
25 Feb 2016capital raising announcement● Neutral
A second filing of the same 24 February 2016 bought-deal announcement already furnished under accession 0001571049-16-012078; the text is identical.