/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
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MELBOURNE, Australia, Dec. 4, 2012 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the Company) is pleased to announce today that, in connection with its previously
announced equity raising (the Offering), it has completed its bookbuild to raise gross proceeds of
$CDN93,300,000, through the issue of common shares and ASX-listed CHESS
Depositary Interests (CDIs) (together, Securities). The Company filed a preliminary prospectus today with the applicable
Canadian securities regulators in respect of the Offering.
The Offering was led by Macquarie Capital Markets Canada Ltd. (Macquarie) and Citigroup Global Markets Canada Inc. (Citi) (together, Lead Underwriters) as part of a syndicate of underwriters, which also included Cormark
Securities Inc, GMP Securities LP and BMO Capital Markets
(collectively, with the Lead Underwriters, the "Underwriters").
The Securities were offered through a bookbuild process which was
completed on 4 December 2012. The common shares were priced at $CDN3.11
per common share (the Common Share Offering Price).
In Australia, Securities were made available in the form of CDIs for the
Australian Dollar equivalent of the Offering Price (AUD$3.00 per CDI)
(the CDI Offering Price).
The Underwriters of the Offering have also been granted an option (the Over-Allotment Option) to purchase up to an additional 15% of the number of Securities, at
the Common Share Offer Price or CDI Offering Price (as the case may be)
on the same terms and conditions as the Offering. The Over-Allotment
Option is exercisable in whole or in part at any time within 30 days of
the Closing at the sole discretion of the Lead Underwriters.
The Company intends to use the proceeds of the Offering as set forth in
the preliminary prospectus filed today.
The Offering is scheduled to close on or about 18 December 2012.
The Offering is subject to certain customary conditions and regulatory
approvals, including the approval of the Toronto Stock Exchange.
OceanaGold Corporation is a significant Asia Pacific gold producer with
projects located on the South Island of New Zealand and in the
Philippines. The Company's assets encompass New Zealand's largest gold
mining operation at the Macraes goldfield in Otago which is made up of
the Macraes Open Pit and the Frasers Underground mines. Additionally on
the west coast of the South Island, the Company operates the Reefton
Open Pit mine. OceanaGold produces approximately 230,000 ounces of gold
per annum from the New Zealand operations. The Company also owns the
Didipio Project in northern Luzon, Philippines where commissioning
activities are currently underway. Currently, Didipio is expected to
produce 100,000 ounces of gold and 14,000 tonnes of copper per year
over an estimated 16 year mine life.
OceanaGold is listed on the Toronto, Australian and New Zealand stock
exchanges under the symbol OGC.
This announcement contains certain 'forward-looking statements' within
the meaning of the securities laws of applicable jurisdictions.
Forward-looking statements can generally be identified by the use of
forward-looking words such as 'may,' 'should,' 'expect,' 'anticipate,'
'estimate,' 'scheduled' or 'continue' or the negative thereof or
comparable terminology. Any forecasts or other forward looking
statements contained in this announcement are subject to known and
unknown risks and uncertainties and may involve significant elements of
subjective judgment and assumptions as to future events which may or
may not be correct. Although our management believes that the
assumptions made and the expectations represented by such statement or
information are reasonable, there can be no assurance that any
forward-looking statement or information referenced herein will prove
to be accurate. There are usually differences between forecast and
actual results because events and actual circumstances frequently do
not occur as forecast and these differences may be material. OceanaGold
Corporation does not give any representation, assurance or guarantee
that the occurrence of the events expressed or implied in any
forward-looking statements in this announcement will actually occur and
you are cautioned not to place undue reliance on forward-looking
statements. The Company undertakes no obligation to reissue or update
any forward-looking statements or information as a result of new
information or events after the date hereof except as may be required
This announcement does not constitute an offer, invitation or
recommendation to subscribe for or purchase any securities and neither
this announcement nor anything contained in it shall form the basis of
any contract or commitment. In particular, this announcement does not
constitute an offer to sell, or a solicitation of an offer to buy,
securities in the United States, or in any other jurisdiction in which
such an offer would be illegal.
The securities referred to herein have not been and will not be
registered under the Securities Act, or under the securities laws of
any state or other jurisdiction of the United States and may not be
offered or sold, directly or indirectly, within the United States,
unless the securities have been registered under the Securities Act of
1933, as amended (the Securities Act) or an exemption from the registration requirements of the Securities
Act is available.
SOURCE: OceanaGold Corporation
For further information:
Investor Relations - Melbourne
Nova Young or Darren Klinck
Tel: +61(3) 9656 5300
Investor Relations - Toronto
+1 416 915 3123
firstname.lastname@example.org / www.oceanagold.com