NYSE- and TSX-listed Fortuna Silver Mines on Monday announced that it would raise $60-million to fund the remaining construction and preproduction-related expenditures at its Lindero project, in Argentina.
The company entered into an agreement with a syndicate of underwriters, led by Scotiabank and BMO Capital Markets, which have agreed to purchase, on a “bought deal” basis, 20-million shares at $3 each.