MANILA, April 24 (Reuters) - Toronto-listed miner
OceanaGold Corp ( OCANF ) said it has priced the initial public
offering (IPO) of its Philippine unit at 13.33 pesos ($0.2326)
per share on Wednesday.
In a disclosure to the stock exchange, OceanaGold ( OCANF ) said it
will sell up to 456 million shares or a 20% stake in OceanaGold
Philippines Inc worth 6.078 billion pesos ($106 million).
At the offer price, OceanaGold Philippines secures a market
value of 30.39 billion pesos in the IPO, the Philippines' first
listing for 2024.
The offer period will run from April 29 to May 6 and the
listing is set for May 13, OceanaGold ( OCANF ) said in its preliminary
IPO notice. It is running the IPO to comply with a regulatory
requirement for its gold and copper mine in the northern
Philippines.
($1 = 57.32 Philippine pesos)