representative work

Cassels Represents the Underwriters in Hudbay’s US$402 Million Bought Deal Public Offering


On May 24, 2024, Hudbay Minerals Inc. completed a bought deal public offering of 42,366,000 common shares at a price of US$9.50 per common share for aggregate gross proceeds of approximately US$402 million, including 5,526,000 common shares pursuant to the full exercise of the underwriters’ over-allotment option.

The offering was completed through a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets, as joint bookrunners, and CIBC Capital Markets, National Bank Financial, Scotiabank and TD Securities as co-lead managers, and included Barclays Capital, Canaccord Genuity, Bank of America Merrill Lynch, Cormark Securities, ING Bank, Haywood Securities, Raymond James, Stifel Nicolaus, Eight Capital, and Paradigm Capital as co-managers.

Cassels acted for the underwriters.

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