Parties
Company
Equinox Gold Corp.
Bank
BMO Nesbitt Burns Inc.
Bank
National Bank Financial Inc.
Bank
Scotia Capital Inc.
Bank
ING Bank N.V.
Bank
CIBC World Markets Inc.
Bank
Merrill Lynch Canada Inc.
Bank
Desjardins Securities Inc.
Bank
RBC Dominion Securities Inc.
Bank
TD Securities Inc.
Company
Canaccord Genuity Corp.
Company
Cormark Securities Inc.
Company
Haywood Securities Inc.
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?.
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 354,000,000Deal Status
ClosedClosing Date
26 April 2024