Fortuna Silver Mines (TSE:FVI) has released an update.
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Fortuna Silver Mines Inc. has announced an offering of $150 million in convertible senior notes due in 2029, with an option for initial purchasers to buy an additional $22.5 million. The proceeds will go towards repaying bank debt, working capital, general corporate purposes, and potentially repaying existing unsecured convertible debentures. The notes, which will not be registered under the U.S. Securities Act, will be convertible into shares and are targeted at qualified institutional buyers and certain non-U.S. persons.
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