Equinox Gold Converts Note and Launches Secondary Offering

Equinox Gold (TSE:EQX) has released an update.

Equinox Gold Corp. has transformed a US$130 million convertible note into nearly 24.8 million common shares, which are now set for a secondary offering through BMO Capital Markets at US$5.65 each, aiming to raise about US$140 million. However, the proceeds of this offering will go directly to Ninety Fourth, MDC’s affiliate, without benefiting Equinox Gold’s finances. The company’s CEO expressed optimism about the debt reduction and the continued partnership with MDC.

For further insights into TSE:EQX stock, check out TipRanks’ Stock Analysis page.