Friday, September 8, 2017

Hudbay Minerals - HBM.t

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.

On September 7, 2017 the company released News

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.