ING Group Part of Underwriting Syndicate for Generation Mining Limited Capital Raise
What happened
ING Group was part of the underwriting syndicate that closed a $240 million financing package for Generation Mining Limited. The financing consisted of a Public Offering, which raised $200 million through a bought deal basis, and a Concurrent Private Placement with Canada Growth Fund Inc., which raised $40 million.
From recorder.ca
Why it matters
The capital raise supports a polymetallic concentrate project. The overall construction package is supported by complementary financing from the Government of Canada and the Canada Infrastructure Bank.
The project benefits from complementary financing tools provided by the Government of Canada, alongside debt financing offered by the Canada Infrastructure Bank.
From recorder.ca
Who's involved
- ING GroupMember of the underwriting syndicate for the capital raise of Generation Mining Limited
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ING GroupSpeculative
ING Group could see its business affected by generating underwriting fees as part of the syndicate for the capital raise.
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The entities involved
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ING Group
Dutch multinational banking and financial services corporation