FINANCING
Toronto-based gold producer Iamgold has entered into an agreement with a syndicate of underwriters that has agreed to buy 38.85-million common shares of the company on a bought-deal basis at a price of $5.15 each, for gross proceeds of about $200-million. Should the overallotment option be exercised in full, the dual-listed company will raise another $30-million, which it intends to use to fund future growth and to strengthen its balance sheet by reducing indebtedness.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access