 | OceanaGold Corporation - OGC.t operates 3 mines in New Zealand – Macraes Open Pit, Frasers Underground and the Reefton Open Pit. In the northern Philippines, the company operates the high grade gold-copper Didipio Project. The first copper concentrate was produced at Didipio in December 2012 and commercial production was declared as of April 1, 2013. |  |
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"OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to announce that it has entered into an agreement (the “Agreement”) to make a strategic investment in NuLegacy Gold Corporation (“NuLegacy”) (TSXV: NUG), and, by way of a private placement, purchasing 47.66 million common shares of NuLegacy at a price of C$0.14 per share for gross proceeds of C$6.67 million.
Upon completion of the transaction, which is expected to close on or about April 13, 2016, the Company will own approximately 19.9% of NuLegacy’s issued and outstanding shares on an undiluted basis, prior to giving effect to any shares purchased by Barrick Gold Corporation (“Barrick”) and/or Waterton Precious Metals Fund II Cayman, LP (“Waterton”) pursuant to their existing equity participation rights to maintain their current equity ownership interests in NuLegacy. The Company also has the option to purchase up to an additional 9,303,845 common shares of NuLegacy, subject to Barrick and/or Waterton, LP exercising their participation rights.
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http://canadastockjournal.blogspot.com/2014/08/oceanagold-corporation-ogct.html
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