Marimaca Copper (ASX:MC2) announced a global offering totaling approximately CAD$409 million.
The deal, orchestrated through a syndicate of Canadian and Australian lead agents, is split between a CAD$136 million treasury offering and a CAD$273 million secondary offering by existing shareholders, primarily the Greenstone Group.
The offering is dual-tracked across major markets: a Canadian public offering of common shares priced at CAD$10.00 and a concurrent Australian placement of CHESS Depositary Interests at $10.35.
The strategic capital injection is specifically earmarked to propel the company's flagship Marimaca Project toward production.
Funds will be deployed into critical pre-construction engineering, early site works, and an aggressive drilling campaign at Pampa Medina, while also bolstering general working capital.