Hudbay Minerals (TSE:HBM) has released an update.
Hudbay Minerals Inc. has upscaled its equity offering to US$350 million with an over-allotment option that could raise the total to US$402.5 million, collaborating with underwriters RBC Capital Markets and BMO Capital Markets. The offering includes 36.84 million common shares at US$9.50 per share. This move seeks to strengthen the company’s financial position and support its growth strategies.
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