$CADY.TO

Cadillac Mines Launches Initial Public Offering

Cadillac Mines launched an initial public offering in Canada, aiming to raise a total of C$415 million in proceeds.Cadillac's shares have been conditionally approved for listing on the Toronto Stock Exchange under the CADY symbol, the company said Monday. Listing requirements have to be fulfilled by Oct. 15.The company also expects to raise C$60 million from a concurrent private placement treasury offering to Agnico Eagle Mines (AEM.TO).Cadillac is focused on developing gold and critical mineral projects along the Cadillac-Larder Lake Break in Ontario and Quebec.