OceanaGold Completes Book Build of CDN$115.5 Million

OceanaGold Corporation (TSX:OGC, ASX:OGC) announced that, in connection with its previously announced equity raising, the underwriters have confirmed orders for 33 million Special Warrants to acquire common shares and CHESS Depository Interests in the Company for gross proceeds of CDN$115.5m.

The press release is quoted as saying:

The Offering is being privately placed with investors in Australia, Canada and internationally at an Offering price of CDN$3.50 (AUD$3.54), representing a 8.85% discount to last close on the TSX of CDN$3.84 and a 8.29% discount to last close (4 October 2010) on ASX of AUD$3.86. The Offering is expected to settle on or about 20 October 2010 and the CDIs will be freely tradable on the ASX the following business day. The Offering is subject to certain customary conditions and regulatory approvals, including the approval of the Toronto Stock Exchange.

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