OceanaGold Completes IPO, Raises US$106M for the Sale of 20% Interest in OGPI
www.oceanagold.com
May 13, 2024 News Release
OceanaGold Completes IPO, Raises US$106M for the Sale of 20% Interest
in OGPI
(VANCOUVER) OceanaGold Corporation (TSX:OGC, OTCQX:OCANF) (“OceanaGold” or the “Company”)
is pleased to announce that i ts wholly owned subsidiary, OceanaGold Philippines , Inc. (“OGPI”), has
completed the initial public offering (the “Offering”) of 20% of the outstanding common shares of OGPI on
the Philippines Stock Exchange (“PSE”). The shares are listed under the ticker ‘OGP’, and trading began
on May 13, 2024.
OGPI holds the Company’s interest in the Didipio Mine and, pursuant to the terms of the renewed Financial
or Technical Assistance Agreement (“FTAA”) , was required to list its common shares on the PS E. The
Offering was a secondary offering of common shares and the proceeds were received by a wholly-owned
subsidiary of OceanaGold.
The final Offering price was ₱13.33 per share for 456,000,000 common shares of OGPI and gross proceeds
totalling ₱6.08B (approximately US$106M1) were raised. Available proceeds from the Offering, net of fees
and taxes, will be applied to the repayment of OceanaGold’ s debt. The Company had $160M of debt at
March 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
1 Calculated at an exchange rate of US$1=₱57.32, subject to change
www.oceanagold.com
Media Enquiries:
Louise Burgess, Director, Communications
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, assum ptions 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 materially
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.