Hudbay Minerals to raise $300 million in bought deal equity offering

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Hudbay Minerals to raise $300 million in bought deal equity offering
France Dernières Nouvelles,France Actualités
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Canadian copper miner Hudbay Minerals plans to raise $300.2 million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company said on Tuesday.

The company could raise as much as $345.2 million in gross proceeds if the underwriters exercise an over-allotment option to purchase up to an additional 15% of the shares.

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