Hudbay to raise $300m in bought deal equity offering

Canadian copper miner Hudbay Minerals plans to raise $300.2-million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company said on Tuesday. Underwriters led by RBC Capital Markets and BMO Capital Markets will buy 31.6-million shares of Hudbay at $9.50 each under a bought deal.