West Perth-based Anvil Mining Ltd has completed a bought deal financing arrangement worth around $225 million, with proceeds being used for the development of the company's Congolese mining projects.
West Perth-based Anvil Mining Ltd has completed a bought deal financing arrangement worth around $225 million, with proceeds being used for the development of the company's Congolese mining projects.
West Perth-based Anvil Mining Ltd has completed a bought deal financing arrangement worth around $225 million, with proceeds being used for the development of the company's Congolese mining projects.
The full text of a company announcement is pasted below
Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM) ("Anvil") is pleased to announce that it has completed its previously announced bought deal and today has issued an aggregate of 12,384,615 common shares. The common shares were issued at a price of C$16.25 per share for total gross proceeds of C$201,249,994.
The offering includes 1,615,385 common shares issued pursuant to the exercise of an over-allotment option granted to the underwriters.
Paradigm Capital Inc. and BMO Capital Markets acted as co-lead underwriters in connection with the offering together with a syndicate that included Haywood Securities Inc. and RBC Capital Markets.
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.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any common shares within the United States. The common shares have not been offered and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the common shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.
Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange (as common shares) and the Australian Stock Exchange (as CDIs) under the symbol AVM. It has a majority interest in and operates the Dikulushi copper-silver mine and the Kulu copper tailings operation in the Katanga Province of the DRC. In addition, the Company is currently developing the Kinsevere project as the Company's third mine in the DRC.