OceanaGold’s Philippine unit prepares for IPO

Vancouver-based OceanaGold has obtained regulatory approvals for an initial public offering (IPO), which will involve 20% of the outstanding shares of its Philippines subsidiary. The Phillippine arm, OceanaGold Philippines (OGPI), holds the company’s interest in the Didipo mine. Under a renewed financial and technical assistance agreement, it is required to list its common shares on the Philippine Stock Exchange.