Wheaton bags $80m

Wheaton River Minerals (WRM-T) has entered into an $80-million bought-deal financing.

Griffiths McBurney & Partners is leading a syndicate of underwriters, including BMO Nesbitt Burns, Canaccord Capital, Orion Securities and Sprott Securities, which have agreed to buy 38.1 million units priced at $2.10 each. The syndicate will have the option of buying up to an additional 9.5 million units in respect to the offering.

A unit consists of one share and half a warrant. A whole warrant entitles the holder to buy one share at $3.10 for five years.

Wheaton River will use the proceeds to advance its gold and silver properties in the Americas.

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