TORONTO (miningweekly.com) – Precious metals streamer Silver Wheaton has sold 33.13-million shares to a syndicate of underwriters at $16.60 apiece to raise $550-million.
The dual-listed company intended to use the gross proceeds to repay a portion of the debt that was drawn on the company’s $2-billion revolving credit facility in November, to acquire the $900-million silver stream on the Antamina mine, in Peru.