Quadra raising 75 Million dollars ahead of merger

摘要

In a bought-deal agreement with a syndicate of underwriters, Quadra Mining (QUA-T, QADMF-O) will raise 75.3 million dollars that it will use to refinance existing project debt, compensate project contractors, and complete the development of the Franke project, which will be added to its portfolio following Quadra's proposed acquisition of Centenario Copper (CCT-T, COPRF-O). The syndicate will buy 16.2 million shares at a price of 4.65 dollars per share for gross proceeds of 75.3 million dollars.