Equinox Gold (TSE:EQX) has released an update.
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Equinox Gold Corp. has entered into an underwriting agreement with BMO Nesbitt Burns Inc. to sell nearly 25 million common shares at $5.65 each, aiming to raise approximately $140 million. This ‘bought deal’ transaction is facilitated through a complex arrangement involving regulatory compliance across Canadian and U.S. securities laws. The deal, which also includes the payment of an underwriting fee by the Selling Shareholder, showcases the company’s efforts to secure substantial funding through capital markets.
For further insights into TSE:EQX stock, check out TipRanks’ Stock Analysis page.
