Equinox Gold (ASE) (TSE:EQX) has released an update.
Equinox Gold Corp. has successfully completed a significant ‘bought deal’ financing, raising US$299 million through the issuance of over 56 million common shares, including those from an over-allotment option. The company plans to allocate the net proceeds towards acquiring the remaining interest in the Greenstone Mine and for general corporate purposes, such as working capital and debt repayment. Equinox Gold is strategically growing, aiming to surpass one million ounces in annual gold production with its seven active mines and ongoing expansion projects.
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