OceanaGold Completes IPO, Raises US$106M for the Sale of 20% Interest in OGPI

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[{"type":"text","content":"\n \n \n \n OceanaGold Completes IPO, Raises US$106M for the Sale of 20% Interest in OGPI\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 13, 2024\n \n \n /CNW/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) (\"OceanaGold\" or the \"Company\") is pleased to announce that its wholly owned subsidiary, OceanaGold Philippines, Inc. (\"OGPI\"), has completed the initial public offering (the \"Offering\") of 20% of the outstanding common shares of OGPI on the Philippines Stock Exchange (\"PSE\"). The shares are listed under the ticker 'OGP', and trading began on\n \n May 13, 2024\n \n .\n \n \n OGPI holds the Company's interest in the Didipio Mine and, pursuant to the terms of the renewed Financial or Technical Assistance Agreement (\"FTAA\"), was required to list its common shares on the PSE. The Offering was a secondary offering of common shares and the proceeds were received by a wholly-owned subsidiary of OceanaGold.\n \n \n The final Offering price was ₱13.33 per share for 456,000,000 common shares of OGPI and gross proceeds totalling ₱6.08B (approximately\n \n US$106M\n \n \n 1\n \n ) were raised. Available proceeds from the Offering, net of fees and taxes, will be applied to the repayment of OceanaGold's debt. The Company had\n \n $160M\n \n of debt at\n \n March 31, 2023\n \n .\n \n \n \n \n \n \n \n _________________________________\n \n \n 1\n \n Calculated at an exchange rate of US$1=₱57.32, subject to change\n \n \n \n \n \n \n \n \n About OceanaGold\n \n \n \n OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from...

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