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Equinox Gold converts $130M note, facilitates $140M secondary share offering without proceeds, set to close Oct 9, 2024.
Equinox Gold has converted a $130 million convertible note from MDC Industry Holding into 24,761,905 common shares.
An agreement with Ninety Fourth Investment Company LLC and BMO Capital Markets will facilitate a secondary offering of these shares at $5.65 each, totaling approximately $140 million.
Equinox Gold will not receive proceeds from this sale.
The offering is set to close around October 9, 2024, pending customary conditions.
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Equinox Gold convierte un pagaré de 130 millones de dólares y facilita una oferta de acciones secundarias de 140 millones de dólares sin ingresos, que se cerrará el 9 de octubre de 2024.