By Sheri Kasprzak
Atlanta, Feb. 3 - HudBay Minerals Inc. said it will head to the private placement market with a C$2.5 million offering.
The deal includes 806,452 flow-through shares at C$3.10 each.
The offering is being placed through a syndicate of underwriters led by GMP Securities Ltd.
The private placement is scheduled to close Feb. 14.
Based in Toronto, HudBay is a mining and metal production company. The proceeds from the deal will be used for exploration and development on its Manitoba and Saskatchewan properties.
| Issuer: | HudBay Minerals Inc.
|
| Issue: | Flow-through shares
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| Amount: | C$2.5 million
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| Shares: | 806,452
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| Price: | C$3.10
|
| Warrants: | No
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| Underwriters: | GMP Securities Ltd. (lead)
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 14
|
| Stock price: | C$2.59 at close Feb. 2
|
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