First Quantum Minerals Ltd.

The underwriters in a $1.44 billion offering by First Quantum Minerals Ltd.

Client

The underwriters

Value

$1.44 billion

Service

Capital Markets

Date Closed

June 2015

Industry

Mining

Lead Office

Toronto


On June 4, 2015, First Quantum Minerals Ltd. completed its sale of 76,923,000 common shares of First Quantum at a price of $16.25 per common share to raise gross proceeds of $1.25 billion. The underwriters exercised their over-allotment option in full, bringing the aggregate gross proceeds to First Quantum of $1.44 billion.

First Quantum intends to use the net proceeds of the offering to advance and expand existing production facilities, to increase financial flexibility through the reduction of net debt, and for general corporate purposes, including strategic investments to further enhance its returns and growth pipeline.

Osler, Hoskin & Harcourt LLP advised the underwriters, with a team including Desmond Lee, Tara Law, James Brown and Robert Anton (Canadian corporate and securities) and Jason Comerford, Matthew Sadofsky and Matthew McLeod (US corporate and securities).


Team
Desmond Lee
Key Contact

Desmond Lee

Partner, Corporate

Tara  Law

Tara Law

Counsel, Corporate

James R. Brown | Mining lawyer

James R. Brown

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate