TSX-V-listed Equinox Gold has attracted a $130-million strategic investment from Abu Dhabi investment firm Mubadala Investment Company, which it would use to refinance a portion of its debt and to prepare for construction of Phase 1 at Castle Mountain, in the US.
Mubadala would invest in five-year convertible notes with a 5% interest rate convertible at $1.05 (C$1.38) a share, a 25% premium to the 10-day volume-weighted average share price. Equinox closed at C$1.13 a share on Monday.