Equinox Gold completes US$260 million equity offering to finance Greenstone acquisition

Company

Equinox Gold Corp.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

Scotia Capital Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

ING Bank N.V.

Law Firm / Organization
Stikeman Elliott LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

Merrill Lynch Canada Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

Desjardins Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

TD Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

Company

Canaccord Genuity Corp.

Law Firm / Organization
Stikeman Elliott LLP

Company

Cormark Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

Company

Haywood Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

On April 23, 2024, Equinox Gold Corp. announced a USD 260.018 million (approximately CAD 354 million) public offering, issuing 49,060,000 common shares at USD 5.30 per share (CAD 7.20) to finance its acquisition of the remaining 40% interest in the Greenstone Gold Mines project. The offering closed on April 26, 2024, enabling Equinox to secure full ownership in one of Canada’s premier gold mining projects. The offering was underwritten by BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., ING Bank N.V., CIBC World Markets Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., and Haywood Securities Inc. Canadian counsel included Blake, Cassels & Graydon LLP for Equinox and Stikeman Elliott LLP for the underwriters, while U.S. counsel comprised Paul, Weiss, Rifkind, Wharton & Garrison LLP for Equinox and Skadden, Arps, Slate, Meagher & Flom LLP for the underwriters. The acquisition, valued at USD 995 million (approximately CAD 1.355 billion), was funded through a combination of share issuance, cash, and a USD 500 million (CAD 681 million) term loan facility from BMO, ING Capital LLC, National Bank, and Bank of Nova Scotia?.

Public/Private Offering
Mining
$ 354,000,000
Closed
26 April 2024