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.