Placer Dome raises $452M in stock offer

Nov 24, 2004 | 09:32 AM | Julie Bresnick

Placer Dome Inc., Vancouver, British Columbia, has raised nearly $452 million through an offering of 21,275,000 common shares at $22 a share.

The company said the proceeds would be used for general corporate purposes, "which may include funding of new project development and other capital expenditures."

"It was a bit of a surprise," one equities analyst said. "Placer had never issued equity before, but given where their shares have been trading, it's not a surprise they did so now. Normally, though, it's more clear at this point what the money will be used for."....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results