Johannesburg - Gold miner AngloGold Ashanti said on Tuesday it is to proceed with a global offering of approximately 7.8 million new ordinary shares.
It has filed a preliminary prospectus supplement with the United States Securities and Exchange Commission in connection with the offering.
The offering will be in the form of AngloGold Ashanti ordinary shares and American depositary shares representing ordinary shares.
AngloGold Ashanti intends to use the net proceeds to fund its proposed acquisition of a 50% indirect interest in Moto Goldmines, as announced on July 16, including AngloGold Ashanti's 50% share of certain other liabilities and expenses directly related to the Moto transaction.
UBS Investment Bank is acting as sole bookrunner for the offering.
- I-Net Bridge