Red Back raises 150 Million dollars for African gold operations

摘要

Red Back Mining(RBI-T, RBIFF-O) is riding the gold tide and raising money again. It was only two months ago that the gold producer had to boost a 40-million dollars financing to 60 million dollars because of strong demand. Now Red Back has arranged another financing, this time to add 150 million dollars to its coffers. The bought-deal agreement will see Red Back sell 20 million shares at 7.50 dollars apiece, through a syndicate of underwriters led by Cor-mark Securities, BMO Capital Markets, and GMP Securities. The underwriters have a 2-million-share overallotment option.