OceanaGold Announces IPO Pricing For 20% Interest in OGPI
www.oceanagold.com
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April 25, 2024 News Release
OceanaGold Announces IPO Pricing For 20% Interest in OGPI
(VANCOUVER) OceanaGold Corporation (TSX:OGC, OTCQX:OCANF) (“OceanaGold” or the “Company”)
announces that it will raise ₱6.08B ( approximately US$106M1) through an Initial Public Offering (“the
Offering”) of 20% of the common shares of its wholly -owned subsidiary, OceanaGold Philippines, Inc.
(“OGPI”) on the Philippines Stock Exchange (“PSE”). OGPI holds the Company’s interest in the Didipio
Mine and, pursuant to the terms of the renewed Financial or Technical Assistance Agreement (“FTAA”), is
required to list its common shares on the PS E. The Offering is a secondary offering of common shares,
with the proceeds to be received by a wholly-owned subsidiary of OceanaGold.
The final Offering price will be ₱13.33 per share, which was determined by the market through a book -
building process involving international and Philippines institutional investors. The retail offer period will run
from April 29, 2024 to May 6, 2024, with listing of OGPI on the PSE expected on May 13, 2024.
Available proceeds from the offering, net of fees and taxes, are expected to be applied to the repayment of
OceanaGold’s drawn bank debt. The Company had drawn bank debt of $135M at December 31, 2023.
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly
maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our
shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of
America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
For further information please contact:
Investor Relations:
Rebecca Harris, Director, Investor Relations
Tel: +1 604-678-4095
Media Inquiries:
Louise Burgess, Director, Communications
1 Calculated at an exchange rate of US$1=₱57.32, subject to change
www.oceanagold.com
Tel: 1 (604) 403-2019
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release may be deemed “forward-looking” within the meaning of
applicable securities laws. All statements other than statements of historical facts included in this news
release constitute forward- looking statements, including but not limited to, the terms and details of the
Offering, completion of the Offering, information relating to future performance and reflect the Company’s
expectations regarding the generation of free cash flow, execution of business strategy, future growth,
future production, estimated costs, results of operations, business prospects and opportunities of the
Company and its related subsidiaries. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and are forward- looking statements. Forward- looking statements are subject
to a variety of risks and uncertainties which could cause actual events or results to differ materially from
those expressed in the forward- looking statements and information. They include, among others, the
accuracy of Mineral Reserve and Mineral Resource estimates and related assumptions, inherent operating
risks and those risk factors identified in the Company’s most recent Annual Information Form prepared and
filed with securities regulators which is available on SEDAR+ at www.sedarplus.com under the Company’s
name. There are no assurances the Company can fulfil forward- looking statements and information. Such
forward-looking statements and information are only predictions based on current information available to
management as at the date that such predictions are made; actual events or results may differ mat erially
as a result of risks facing the Company, some of which are beyond the Company's control. Although the
Company believes that any forward-looking statements and information contained in this news release are
based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be
consistent with such statements. Accordingly, readers should not place undue reliance on forward- looking
statements and information. The Company expressly disclaims any intention or obligation to update or
revise any forward-looking statements and information, whether as a result of new information, events or
otherwise, except as required by applicable securities laws.
www.oceanagold.com
A REGISTRATION STATEMENT RELATING TO OGPI’S SHARES HAS BEEN FILED WITH THE
PHILIPPINE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE.
THESE SHARES MAY NOT BE SOLD NOR OFFERS TO BUY THEM BE ACCEPTED PRIOR TO THE
TIME THE REGISTRATION STATEMENT IS RENDERED EFFECTIVE. THIS COMMUNICATION SHALL
NOT CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.
THIS DOCUMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR
ELSEWHERE. THE SECURITIES OF OGPI OR THE COMPANY ARE NOT BEING REGISTERED
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT
BE OFFERED OR SOLD I N THE UNITED STATES UNLESS REGISTERED UNDER THE SECURITIES
ACT OR PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION. THERE WILL BE NO PUBLIC
OFFERING OF THE SECURITIES OF OGPI OR THE COMPANY IN THE UNITED STATES. NO MONEY,
SECURITIES OR OTHER CONSIDERATION I S BEING SOLICITED BY THIS DOCUMENT OR THE
INFORMATION CONTAINED HEREIN AND, IF SENT IN RESPONSE TO THIS DOCUMENT OR THE
INFORMATION CONTAINED HEREIN, WILL NOT BE ACCEPTED.
THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED
STATES, JAPAN OR AUSTRALIA