PMEA Blog

Jan 19 (Reuters) - CGA Mining Ltd (CGA.TO) said it would raise gross proceeds of C$74.8 million ($72.55 million) in bought deal financing to fund exploration at the Masbate gold project, located in the Philippines, and repay debts.

CGA said a syndicate of underwriters, led by BMO Capital Markets, will buy 34 million shares at C$2.20 per share, which is a discount of 12 percent to their Monday close.

Read more..