Mubadala subsidiary sells Equinox Gold shares in US$139.9 million secondary offering

Company

Equinox Gold Corp.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Ninety Fourth Investment Company LLC

Law Firm / Organization
McCarthy Tétrault LLP
Law Firm / Organization
Akin Gump Strauss Hauer & Feld LLP

Company

Mubadala Investment Company PJSC

Law Firm / Organization
McCarthy Tétrault LLP
Law Firm / Organization
Akin Gump Strauss Hauer & Feld LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Stikeman Elliott LLP

On October 4, 2024, Ninety Fourth Investment Company LLC, an indirect subsidiary of Mubadala Investment Company PJSC, completed a secondary offering of 24,761,905 common shares of Equinox Gold Corp. The shares were sold at $5.65 (C$7.65) per share, resulting in total gross proceeds of approximately $139.9 million (C$189.4 million). After deducting the underwriting commission of $5.6 million (C$7.58 million), the estimated net proceeds to the selling shareholder were $134.3 million (C$182.2 million). The offering was managed by BMO Nesbitt Burns Inc., acting as the underwriter. Legal advisors included Blake, Cassels & Graydon LLP for Equinox Gold, McCarthy Tétrault LLP for the selling shareholder, Stikeman Elliott LLP for the underwriter, and Paul, Weiss, Rifkind, Wharton & Garrison LLP, Akin Gump Strauss Hauer & Feld LLP, and Skadden, Arps, Slate, Meagher & Flom LLP for matters related to United States law. Equinox Gold did not receive any proceeds from this offering, as it was solely for the account of the selling shareholder.

Public/Private Offering
Mining
$ 189,400,000
Active