- Los Andes Copper (LA) has closed a bought deal offering raising gross proceeds of $10 million
- Los Andes sold 800,000 common shares at a price of $12.55 per share
- Net proceeds will be used to advance the Vizcachitas Project in Chile
- Los Andes Copper is an exploration and development company
- Los Andes Copper Ltd. (LA) is up 0.33 per cent on the day, trading at C$12.22 per share at 9:45 am ET
Los Andes Copper (LA) has closed a bought deal offering raising gross proceeds of $10 million.
Under the offering, Los Andes sold 800,000 common shares at a price of $12.55 per share.
Net proceeds will be used to advance the Vizcachitas Project, cover studies and drilling expenses and for working capital.
The offering was completed pursuant to an underwriting agreement between the company and BMO Capital Markets and Paradigm Capital Inc. The underwriters were paid a six per cent cash commission.
Los Andes Copper is an exploration and development company with a 100 per cent interest in the Vizcachitas Project in Chile.
Los Andes Copper Ltd. (LA) is up 0.33 per cent on the day, trading at C$12.22 per share at 9:45 am ET.