Canadian gold senior Yamana Gold on Monday announced that it would sell shares and warrants in Vancouver-headquartered Equinox Gold for C$201-million.
The miner entered into an agreement with Stifel and Cormark Securities to sell 12-million units at C$10 each to qualified purchasers, for gross proceeds of C$120-million.
The dealers have committed to purchase from Yamana any unsold units at a price of C$10 each, subject to customary conditions for ‘bought deal’ financing.