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Fortuna Silver Mines to raise US$65M via bought-deal offering

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

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Fortuna Silver Mines to raise US$65M via bought-deal offering

Fortuna Silver Mines Inc. said Jan. 23 that it entered an agreement with a syndicate of underwriters for a bought-deal offering of 10,325,000 common Fortuna silver shares at US$6.30 apiece to raise about US$65.0 million.

The underwriters, co-led by Raymond James Ltd., BMO Capital Markets and Scotia Capital Inc. were also granted an overallotment option, allowing them to purchase up to 1,548,750 additional common shares for a 30-day period from the offering's closing.

The company expects to close the offering by Feb. 9, subject to conditions.

Fortuna will use the proceeds for general working capital.