Mid-tier gold producer Guyana Goldfields has increased its previously announced bought deal financing to C$130-million from C$110-million, citing “strong demand”.
The Toronto-headquartered company had signed an agreement with a syndicate of underwriters led by BMO Capital Markets, Scotiabank and RBC Capital Markets, as joint bookrunners, under which the underwriters agreed to buy on a bought deal basis 12.83-million common shares from the company and one-million common shares from the founder and executive chairperson of the company Patrick Sheridan at C$9.40 each.
