VANCOUVER, BC, May 13, 2024 /CNW/ – OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) (“OceanaGold” or the “Company”) is pleased to announce that its wholly owned subsidiary, OceanaGold Philippines, Inc. (“OGPI”), has completed the initial public offering (the “Offering”) of 20% of the outstanding common shares of OGPI on the Philippines Stock Exchange (“PSE”). The shares are listed under the ticker ‘OGP’, and trading began on May 13, 2024.
OGPI holds the Company’s interest in the Didipio Mine and, pursuant to the terms of the renewed Financial or Technical Assistance Agreement (“FTAA”), was required to list its common shares on the PSE. The Offering was a secondary offering of common shares and the proceeds were received by a wholly-owned subsidiary of OceanaGold.
The final Offering price was ₱13.33 per share for 456,000,000 common shares of OGPI and gross proceeds totalling ₱6.08B (approximately US$106M1) were raised. Available…
