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Amapa Minerals Raises C$140 Million as It Completes Its IPO on the Toronto Stock Exchange

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Amapa Minerals (AMAP.TO) on Thursday said it closed its initial public offering and its shares are now trading on the Toronto Stock Exchange.

The company raised C$140 million from the IPO of 127.3-million shares priced at at C$1.10 each. An over-allotment option for a further 19.1-million shares can be exercised by underwriters for 30 days.

Amapa Minerals' principal asset is the past-producing Amapa Gold Project in Northern Brazil.

Amapa shares, which hit a higher if C$1.13 mid-morning, were last seen down C$0.04 to C$1.10.

Price: $1.10, Change: $-0.04, Percent Change: -3.51%

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