OTTAWA (dpa-AFX) - Eldorado Gold Corp. (EGO), a producer of gold properties, Monday said it would offer up to $500 million of senior unsecured notes due 2020, with a view to using the proceeds for general corporate purposes. The interest rates and other terms will be decided based on the prevailing market conditions.
Commenting on the development, Paul N. Wright, Chief Executive Officer said, 'Funds from this offering combined with our strong cash flow will enhance our ability to implement growth initiatives in line with the Company's strategic plan.'
Friday the stock closed at $14.91 on the NYSE.
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