Equinox Gold (ASE) (TSE:EQX) has released an update.
Equinox Gold Corp. has entered into an underwriting agreement with a consortium of financial institutions to sell 49,060,000 common shares at $5.30 each, aiming to raise approximately $260 million in gross proceeds. The deal also includes an over-allotment option for the underwriters to purchase an additional 7,359,000 shares to cover over-allocations and for market stabilization. This strategic move is set to bolster Equinox Gold’s financial position and is accompanied by the necessary regulatory filings in both Canada and the United States.
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