1 Min Read
May 20 (Reuters) - Canadian-based copper miner First Quantum Minerals said on Wednesday it plans to raise up to C$1.44 billion ($1.18 billion) in a share issue.
The funds will be used to advance and expand existing production facilities, reduce debt and make acquisitions, the company said in a statement.
RBC Capital Markets and Goldman Sachs Canada are leading the syndicate of underwriters on the offer.
$1 = 1.2191 Canadian dollars Reporting by Nicole Mordant in Vancouver