trending Market Intelligence /marketintelligence/en/news-insights/trending/sIar3qsEbvl3u7C41tVNfw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Filo Mining raising C$40M for Filo del Sol copper-gold-silver project

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Filo Mining raising C$40M for Filo del Sol copper-gold-silver project

Filo Mining Corp. entered two agreements to raise an aggregate C$40 million to explore and develop its Filo del Sol copper-gold-silver project straddling the border between Chile and Argentina.

The company said Aug. 12 that it launched a bought-deal offering of 7,275,000 shares at C$2.75 apiece for C$20 million in gross proceeds, with closing expected around Aug. 30. The Lundin Family agreed to purchase about C$5 million of the offering.

The agreement includes a 15% overallotment option which the syndicate of underwriters led by BMO Capital Markets can exercise for 30 days after closing.

The Lundin Family also agreed to buy C$20 million worth of shares at the same price through a concurrent private placement.

Filo Mining will also use some of the net proceeds for working capital and general corporate purposes, as well as to repay outstanding debentures.

A pre-feasibility study completed in January for Filo del Sol outlined an after-tax net present value of US$1.28 billion, discounted at 8%, with a 23% internal rate of return.