trending Market Intelligence /marketintelligence/en/news-insights/trending/GAtw67yu4D-atGc219VJsQ2 content esgSubNav
In This List

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

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

$100,000/t price spike triggers LME trading havoc

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


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.