Anvil completes A$178m financing deal

West Perth-based copper and silver producer Anvil Mining Ltd has completed its previously announced C$149.5 million (A$178 million) bought deal financing.

The net proceeds of the offering will be used primarily for development of Anvil's mining projects in the Democratic Republic of Congo, working capital and for general corporate purposes.

The offering was for the issuing of 23 million common shares at C$6.50 (A$7.7) per share.

The offering was conducted by a syndicate of Underwriters, led by
Paradigm Capital Inc. and including Haywood Securities Inc. and GMP Securities L.P.

The common shares were offered in Canada by way of a short-form prospectus.

At 1100 WST, Anvil's share price on the ASX was 83.5 cents.

Anvil's shares are listed for trading on the Toronto Stock Exchange and the Australian Stock Exchange under the symbol AVM.