Yamana raises C$80m through Brio share sale

Americas-focused miner Yamana Gold raised about C$80-million through a secondary offering of common shares of its subsidiary Brio Gold. The companies has entered an agreement with a syndicate of underwriters co-led by Canaccord Genuity, CIBC Capital Markets and National Bank Financial under which the underwriters have agreed to buy 26.67 common shares of Brio currently held by Yamana on a bought deal basis at an offering price of C$3 per Brio share.