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