|Hudbay Minerals- HBM.t is a Canadian integrated mining company with operations, development properties and exploration activities across the Americas. The company has operations in Manitoba and Peru.|
Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) today announced that it has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank (collectively, the "Underwriters"), which have agreed to purchase, on a bought deal basis, 24,000,000 common shares (the "Shares") of the company at a price of C$10.10 per Share, for aggregate gross proceeds of C$242,400,000. The company has agreed to grant the Underwriters an over-allotment option, exercisable in whole or in part, on or following the closing of the offering and for a period of 30 days thereafter, to purchase up to an additional 3,600,000 Shares to cover over-allotments, if any, and for market stabilization purposes. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds to the company from the offering will be C$278,760,000.