May 20, 2015 / 7:49 PM / in 2 years

First Quantum Minerals to raise up to $1.18 billion in share offer

(Reuters) - Canadian-based copper miner First Quantum Minerals (FM.TO) 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.

Reporting by Nicole Mordant in Vancouver

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