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Newcrest Completes $1.0 Billion Institutional Placement to Acquire Fruta del Norte Mine

  • May 01, 2020 01:00 PM AEST
  • Team Kalkine

Newcrest Mining Limited (ASX:NCM) completes $1.0 billion fully underwritten institutional placement and would issue 39.1 million new shares at a face value of $25.60 per share.

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  • The funds raised would be used to purchase the Fruta del Norte financing facilities, which includes the Gold Prepay Credit Agreement and the Stream Credit Facility Agreement that calls for cash-based quarterly re-payments, depending upon the spot price and level of production at the Fruta del Norte mine.
  • The settlement of new shares is scheduled for 5 May 2020 and would hit the market for trading on a normal basis on 6 May 2020.


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