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China Gold International to raise $250-300m

Updated: 2010-11-16 14:58

(Agencies)

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China Gold International Resources Corp Ltd on Monday said it will raise $250-$300 million through a global offering and intends to list on the Hong Kong Stock Exchange.

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The mining company expects the offering of 53.7 million shares to be priced at $4.80 to $5.80 a share.

The company, which plans to use proceeds to fund expansion of its Jiama Mine and to repay debt, expects the offering and the listing to close in late November or early December.

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