OceanaGold gets expansion cash

GOLD miner OceanaGold has raised $A45 million through the issue of convertible notes to provide funding for the Frasers Underground and Globe Progress development projects in New Zealand.

OceanaGold gets expansion cash OceanaGold gets expansion cash OceanaGold gets expansion cash OceanaGold gets expansion cash OceanaGold gets expansion cash

The seven-year notes carry a cash coupon of 5.75% with the effective conversion price set at 92.5c per share, representing a 34% premium on yesterday’s close of 69c.

loader