- Hudbay Minerals (TSX:HBM) plans to raise US$300.2 million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit
- The Toronto-based miner signed an agreement with a syndicate of underwriters who will purchase a total of 31.6 million common Hudbay shares at US$9.50 per share on a bought deal basis
- The copper miner intends to use the net proceeds to fund work at the Copper Mountain mine in British Columbia
- Hudbay Minerals Inc. last traded at C$14.15 per share
Hudbay Minerals (TSX:HBM) plans to raise US$300.2 million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit.
The Toronto-based miner signed an agreement with a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets as joint bookrunners.
They will purchase a total of 31.6 million common Hudbay shares at US$9.50 per share on a bought deal basis.
The…
