OceanaGold raises CAD$115.5 million

Company News


OceanaGold Corporation (ASX:OGC) has raised CAD$115.5 million, raising the funds through a private placement.

The gold producer says a syndicate of underwriters led by Macquarie Capital Markets Canada and Citigroup Global Markets Canada have agreed to purchase special warrants and common shares at a price of CAD$3.50.

OceanaGold yesterday confirmed its forecast 2010 production guidance of between 270,000 to 290,000 ounces of gold.

OceanaGold Corporation earned $11.46 million in the 2010 financial year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?