On December 20, 2005, Equinox Minerals Ltd. completed a Canadian public offering of common shares
for gross proceeds of approximately $118.2 million, and a concurrent offering to the public in Australia of CHESS Depository Instruments for gross proceeds of approximately $8.9 million. The Canadian public offering was underwritten by a syndicate of underwriters co-led by Sprott Securities Inc., Dundee Securities Corp., GMP Securities LP, TD Securities Inc. and RBC Dominion Securities Inc. and including Paradigm Capital Inc. and Raymond James Ltd. The Australian offering was underwritten by InterFinancial Ltd. The over-allotment option granted to the underwriters in connection with the Canadian public offering was exercised in full and closed on January 5, 2006, providing Equinox with additional gross proceeds of approximately $17.7 million.
Equinox plans to use the aggregate net proceeds of approximately $137.5 million principally to develop its Lumwana copper project located in Zambia, Africa.
Equinox was represented by Blake, Cassels & Graydon LLP in Canada with a team that included David Glennie (London, England) and John Wilkin and Andrew Spiro (Toronto); and by Meredith Campion (Perth) of Clayton Utz in Australia. The underwriters were represented by Heenan Blaikie LLP with a team that included Kevin Rooney, Sonia Yung and John Place.
for gross proceeds of approximately $118.2 million, and a concurrent offering to the public in Australia of CHESS Depository Instruments for gross proceeds of approximately $8.9 million. The Canadian public offering was underwritten by a syndicate of underwriters co-led by Sprott Securities Inc., Dundee Securities Corp., GMP Securities LP, TD Securities Inc. and RBC Dominion Securities Inc. and including Paradigm Capital Inc. and Raymond James Ltd. The Australian offering was underwritten by InterFinancial Ltd. The over-allotment option granted to the underwriters in connection with the Canadian public offering was exercised in full and closed on January 5, 2006, providing Equinox with additional gross proceeds of approximately $17.7 million.
Equinox plans to use the aggregate net proceeds of approximately $137.5 million principally to develop its Lumwana copper project located in Zambia, Africa.
Equinox was represented by Blake, Cassels & Graydon LLP in Canada with a team that included David Glennie (London, England) and John Wilkin and Andrew Spiro (Toronto); and by Meredith Campion (Perth) of Clayton Utz in Australia. The underwriters were represented by Heenan Blaikie LLP with a team that included Kevin Rooney, Sonia Yung and John Place.
