Copper and Silver Miner Lumina’s Toronto IPO Raises $297 Million

Lumina Metals Corp. and one of its shareholders raised C$406.2 million ($297 million) in an upsized Canadian initial public offering.

The copper and silver mining company sold 25 million shares and Executive Chairman Ross Beaty’s charitable foundation sold 7.5 million shares for C$12.50 each, according to a regulatory filing. The company had previously marketed 22 million shares and the shareholders offered 5 million shares, an earlier filing showed.