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OceanaGold Philippines subsidiary files for IPO worth up to 7.9B pesos, with proceeds for Didipio mine's underground optimisation and exploration.
OceanaGold Philippines, a subsidiary of Canada-based OceanaGold Corporation, has filed with the Philippine SEC for an initial public offering (IPO) to raise up to 7.9 billion pesos ($141 million).
OGPI operates the Didipio gold and copper mine and plans to use the IPO proceeds for underground optimisation and further exploration of the mine.
The shares will be listed under the ticker "OGP."
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La filial de OceanaGold Filipinas solicita una oferta pública inicial por un valor de hasta 7.900 millones de pesos, con ingresos para la optimización y exploración subterránea de la mina Didipio.