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Hudbay Announces US$300 Million Bought Deal Equity Offering

Newswire.ca - Tue May 21, 3:16PM CDT

TORONTO, May 21, 2024 /CNW/ - Hudbay Minerals Inc. ("Hudbay" or the "Company") (TSX: HBM) (NYSE: HBM) announced today that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets as Joint Bookrunners (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis from the Company, a total of 31,600,000 common shares of Hudbay ("Common Shares") at a price of US$9.50 per Common Share for aggregate gross proceeds of US$300,200,000 (the "Offering").

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